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Contributors: Douglas McIntyre Jon C. Ogg

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Friday, November 03, 2006

JDS Uniphase Up 10% Pre-Market

Analysts are lining up behind JDS Uniphase (JDSU/JDSUD) after the company posted its first non-GAAP earnings that were positive in longer than one can remember. It has been 5-years according to the company.

Shares have traded about 200,000 pre-market and are up almost 10% at $15.75.

Needham has raised the rating of Buy up to a Strong Buy, and it appears as though they have a $26 target assigned to the stock.

Deutsche Bank also raised their Hold rating up to a Buy, although their 12-month target only appears to be $19.00.

There have also been some boutique calls, but we'll probably get some more bulge-bracket firms out omn the name before the morning is over.

JDSUD will trade with the D on the ticker until November 14.

Jon C. Ogg
November 3, 2006

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