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Technology Stocks : Nortel Networks (NT)
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To: abuelita who wrote (9952)2/20/2001 12:47:33 AM
From: jack bittner  Read Replies (1) of 14638
 
on the other hand (she wore a glove, my father used to say)
anyway, on the other hand:
Joseph Kalinowski, equity strategist at earnings tracker First Call/Thomson Financial, said in a research note late Friday that "more confessions are on the horizon.

"It seems confession season is coming a little early this year," he added. "Nortel Networks, Dell Computer, and Hewlett-Packard have joined a surprisingly long list of those companies crumbling under the weight of this economic slowdown.

"If you think things appear bleak now, wait a few weeks. Things will get worse," Kalinowski said.

Now I must say, First Call collects a lotta data, and Kalinowski has a stake in getting the facts right. so we'll all have to brace ourselves.
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