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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	10/2/2001 4:16:04 PM
From: Softechie	of 37746

Nortel Networks (NT) 5.29: Warns that revenues will be roughly $3.5 bln vs the Multex consensus of $4.29 bln; pro forma loss will be $910 mln; CEO John Roth says that NT is "seeing some early signs that the expected capital spending by service providers is approaching sustainable levels." NT is trying to drive breakeven revenue level below $4 bln instead of the $5 bln outlined previously. Conference call at 5 pm ET: 888-227-5442.

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