Summary:

Red Herring :: The mere suggestion that JDS Uniphase could turn out to be a market leader when the economy finally turns elicits one of two responses–maniacal laughter or sheer rage. Still, we’re willing to risk major bodily harm to argue that, despite its current woes, […]

Red Herring :: The mere suggestion that JDS Uniphase could turn out to be a market leader when the economy finally turns elicits one of two responses–maniacal laughter or sheer rage. Still, we’re willing to risk major bodily harm to argue that, despite its current woes, the maker of fiber-optic components is likely to emerge from the telecom downturn with a dominant share in its industry. Demonstrably so.

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