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Technology Stocks : Nortel Networks (NT)

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To: Bob Kim who wrote (9262)1/16/2001 3:47:40 PM
From: Bosco   of 14638
 
Hi Bob - thanks for clarifying your intention. But you are right, jesting or not, I still think they are 2 different things. Obviously, it is a good thing for ML to heap accolade onto NT, but real numbers don't lie <G>, if ML mkt research is correct, it is vertifiable, independently, by other research outfits like Del'Oro, RHK, Forrester Research etc etc, if they do cover this mkt segment. OTOH, it is reasonable to think 10 analysts will have 10 different stk price targets on NT. Else, either they are in colusion or they copy notes from one another <G>. The funny thing is that they can all claim on target by setting the target low enough <VBG>! Should we not listen to them? Not entirely. I think there are genuine axes in the industry. Still, I'd rather listen to their rationale and not just the conclusion. If investing is so easy, no one will want to do any real work. Just watch CNBC and listen to the the talking heads, buy whatever they tell us and wait until the stk price hits the target <VBG>!

I actually think Robert has a reason to question the divergence of technical and fundamental, but don't blame NT or the analysts without probable cause <VBG>!

No matter, Thursday will come around soon enough. People should ignore the noise and look at the real #s <G>. I mean, if Mr Sagawa wants to gain any traction, he should do better than Ms Anne Tergesen

businessweek.com

<GGG>

best, Bosco
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