Meanwhile, JDSU, formerly JDS Uniphase, was the poster child of bubblicious tech stocks, having traded into the $300's followed by a $40 billion merger with a competitor.
We used to refer to it as the Michael Jordan of the Nasdaq since every day it seemed to soar over our heads, 3 points at a time. When the tech bubble burst, JDSU saw demand for its optical offerings evaporate and its share price implode. By 2002, it was was a single-digit disaster.
But JDSU is back in a major way, posting a year-over-year gain of 87% and beating estimates with each financial report. Gross margins have improved significantly and, according to a recent story in Barron's, the sky is the limit for JDSU's end markets.
Ich setz langfristig auf JDSU! Das wird schon!