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Technology Stocks : Nortel Networks (NT)

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To: Ron Schier who wrote (3909)	12/9/1999 2:47:00 PM
From: Paul Lee	Read Replies (2) of 14638

Interesting, any thoughts December 9, 1999 Dow Jones Newswires TeleClone Again Can't Meet Stk Loan Margin Requirements TORONTO -- TeleClone Inc. (T.TCL) said it is again in default of its margin requirements under a stock lending agreement for Nortel Networks Corp. (NT) shares. In a news release, TeleClone said that based on the closing prices of Nortel and BCE Inc. (BCE) shares Wednesday, it can't maintain a 105% margin. Last month, TeleClone said its lender agreed to waive the company's default after Teleclone failed to meet margin requirements for the fourth time in two months. TeleClone has borrowed 5,250,976 Nortel shares. TeleClone is a financial holding company created to hold common shares of BCE, to allow holders of TeleClone's Class T shares to benefit from any capital appreciation in BCE's common shares, apart from appreciation attributable to common shares of Nortel held by BCE. -Amy Pataki, Dow Jones Newswires; 416-306-2100

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