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Technology Stocks : Nortel Networks (NT)
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To: Robert who wrote (10704)5/22/2001 1:04:01 PM
From: The Ox   of 14638
 
Why would Roth resign if he felt the market conditions were just a blip...

He has admitted that he wasn't in touch with his customers, therefore his (and his staff's) ability to forecast the future was impaired at a critical time for NT (last fall). It makes sense to this observer that maybe it's time for Roth to turn over the reigns to someone who might not make similar mistakes in the future.

The key to viewing NT as an investment for the future is your view of the telecom industry going forward. You are stating that there will be more new revelations in the future and that the current situation is a crisis that can't be corrected promptly. Others here have a different view, one that I share, that the telecom/datacom market will improve and that NT's fortunes will improve with the market. I believe most of the skeletons are out of the closet. Rate reductions will improve capital spending going forward. I believe tough times like we've seen lately will force the company to improve it's operations and make them more lean, therefore, NT will be more profitable down the road.

I think that it's time to stop comparing the current NT situation to where they were a year ago. It's time to look forward and if you don't believe the future holds promise for NT, then I suggest you move onto other investment vehicles (or short the stock).

Best of luck,
Michael
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