Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

WR Hambrecht Cuts JDS Uniphase to 'Buy'

WR Hambrecht downgraded JDS Uniphase (JDSU) to buy from strong buy.

Analyst Jim Liang says the downturn in the optical long-haul market is longer and deeper than he expected. He notes the company forecast Q1 revenue below its $450 million prior guidance, and did not offer further guidance due to poor visibility.

Liang sees $360 million Q1 revenue, and says the communications component industry is in the midst of a significant inventory correction as a result of overbooking and reduced end-market demand. He cut his $2.06 billion fiscal 2002 (June) revenue estimate to $1.44 billion, and cut the $0.08 EPS to $0.02.

Liang also cut the US$30 12-month target to $15.

blog comments powered by Disqus