Message-ID: <33077622.1075851530661.JavaMail.evans@thyme> Date: Tue, 23 Oct 2001 05:11:40 -0700 (PDT) From: morning23@alerts.equityalert.com To: alewis@ect.enron.com Subject: Your News Alert for JDSU Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable X-From: "Equity Alert Center" @ENRON X-To: Andrew Lewis X-cc: X-bcc: X-Folder: \ALEWIS (Non-Privileged)\Deleted Items X-Origin: LEWIS-A X-FileName: ALEWIS (Non-Privileged).pst =09[IMAGE]=09 =09[IMAGE]=09[IMAGE]=09 [IMAGE] [IMAGE] [IMAGE] [IMAGE] Upgrades [IMAGE] DownGrades= [IMAGE] Coverage Initiated [IMAGE] Coverage Reiterated [IMAGE] Stock Sp= lits [IMAGE] Buybacks [IMAGE] Dividends [IMAGE] Pos Pre-Announce [IMAGE= ] Neg Pre-Announce [IMAGE] Pos Surprises [IMAGE] Neg Surprises [IMAGE] E= arnings Revisions [IMAGE] IPO - Lockup Periods [IMAGE] IPO - Latest Prici= ng [IMAGE] IPO - Quite Periods [IMAGE] IPO - Postponements [IMAGE] IPO -= Withdrawals [IMAGE] IPO - Latest Filings [IMAGE] [IMAGE] [IMAGE] = [IMAGE] [IMAGE] Unsubscribe [IMAGE] Update my Membership / Profile [IM= AGE] Forgot Username / Password [IMAGE] Add / Edit Alerts [IMAGE] View = My Alerts [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] = [IMAGE] [IMAGE] =09 As requested, your News Alert for JDSU follows from E= quityAlert.com. New Report Analyzes How to Succeed in the Integrated Op= tics Business With Bookham Technology and Lightwave Microsystems as Example= s CHARLOTTESVILLE, Va., Oct 23, 2001 /PRNewswire via COMTEX/ -- Communica= tions Industry Researchers, Inc. (CIR), a leading market research and indus= try analyst firm, announces a new report that analyzes key success factors = in the market for integrated optical components and shows how two relativel= y small companies -- Lightwave Microsystems and Bookham Technology -- have = been able to emerge as leaders in this business along with giants Agere, Al= catel, JDS Uniphase and Nortel. This new report considers the managerial, t= echnological, marketing and financial aspects of these two companies' penet= ration of the optical integration marketplace. Why Integrated Optics is a= Big Boy's Business CIR believes that, for the time being at least, becau= se manufacturing know-how is so much a part of the secret sauce of integrat= ed optical components companies, these companies must typically own their o= wn plants. Factories cost "big bucks" -- and CIR believes that it takes $10= 0 million in resources to be a player in the optical integration game. As a= result, the market for integrated optics is going to be dominated by the l= argest component manufacturers, especially Agere, Alcatel, JDS Uniphase and= Nortel. Lightwave Microsystems and Bookham Technology are two smaller co= mpanies that are focused on optical integration and both have crossed the $= 100 million funding barrier by a substantial margin. The new CIR report sta= tes that Lightwave Microsystems' initial success has been largely due to ch= arismatic leadership while Bookham's can be traced to its close initial rel= ationship with Nortel. However, the current photonic "nuclear winter" means= that the stability of both companies' customer bases is uncertain. Orders = from the largest equipment companies have declined rapidly and many equipme= nt start-ups seem likely to disappear in a massive shakeout in the next yea= r. The good news for Bookham investors is that Bookham currently gets most = of its business from Lucent, Nortel, Fujitsu and Marconi and despite their = current woes, these companies are most likely to survive the downturn. Alth= ough it does not reveal customer information, Lightwave Microsystems also a= ppears to be focusing its efforts on making inroads with the largest equipm= ent companies and CIR research indicates that it has already achieved a sig= nificant mindshare with these customers. More Ambition Needed? CIR beli= eves that if Lightwave Microsystems and Bookham are to continue to be succe= ssful, they will have to be "more ambitious" in seeking competitive advanta= ge in their core technologies and integrated product strategies. Lightwav= e Microsystems is using a version of silica-on-silicon integration technolo= gy. However, the new CIR report notes that this approach is being used by m= any other companies and so offers no long-term competitive advantage to thi= s company. Indeed, the new CIR report provides evidence that the silica-on-= silicon processes may have significant technical limitations, which may act= ually restrict Lightwave Microsystems opportunities in the future. And, whi= le acknowledging that Bookham's all-silicon approach may have more long-ter= m potential, the report also says that both companies' product road maps fo= r integrated optical products have been somewhat timid -- they both appear = to be focused on offering combinations of a MUX/DEMUX and Variable Optical = Attenuator. The report points out that the market for such products is quit= e limited. It says that if the integrated optics market is ever going to ta= ke off, all companies operating in this space are going to have to make goo= d on their currently vague promises of more exciting integrated optics prod= ucts with additional functionality and cost/performance improvements. The= report concludes with an analysis of Bookham's and Lightwave Microsystems'= future prospects and strategic options, including the possibility that the= y may be acquired. The report is available starting at $895.00 (U.S.) and= may be purchased via CIR's web site: http://www.cir-inc.com/index.cfm?loc= =3Dpages/optical_watch/components or by contacting Robert Nolan via email: = robert.nolan@cir-inc.com . CIR is a leading industry analyst firm special= izing in fiber optic networking systems, software and components. Through i= ts reports, market advisory services, and custom client engagements, CIR pr= ovides insightful research, analysis, and consulting services for the optic= al market. CIR relies upon service provider activities and "demand side" re= search as the basis for its opinions and forecasts, so as to provide realis= tic and credible analysis and insights for both its clients and the industr= y at large. MAKE YOUR OPINION COUNT - Click Here http://t= button.prnewswire.com/prn/11690X28764682 SOURCE Communications Industry Re= searchers, Inc. CONTACT: Robert Nolan of Communications Industry= Researchers, Inc., +1-434-984-0245, ext. 15, or rob@cir-= inc.com URL: http://www.cir-inc.com http://www.prnewswire.com = Copyright (C) 2001 PR Newswire. All rights reserved. -0- KEYWORD: = Virginia INDUSTRY KEYWORD: PUB CPR = MLM STW SUBJECT CODE: PDT [IMAGE] ***IMPORTANT= NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL*** At your request, = as a subscriber to our service, this email alert is being sent to you as a = courtesy and is for information purposes only. We are a financial news re-d= istributor. We are not an investment advisory and do not purport to tell or= suggest which companies you should monitor or which securities you should = purchase or sell. In addition to the information regarding the company yo= u are monitoring (the "Monitored Company"), this email contains advertiseme= nts describing products, services or companies for which we receive fees fr= om the advertising companies. 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