Preheat oven to 350. Beat eggs on high speed until foamy. Blend water and oil into eggs. Slowly add cake mix and jello, beating constantly. Add cherry juice and beat 2 more minutes.
Fold in maraschino cherries.
Pour batter into greased and floured bundt pan. Bake appx. 45 minutes or until cake tester comes out clean. When cool, ice with chocolate glaze.
For glaze - Combine chocolate and evaporated milk. Cook and stir over low heat until mixture comes to a boil. Lower heat and gently cook for another 3 to 5 minutes, stirring constantly, until thickened. Cool, stirring occasionally, before icing cake.