Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Bosco who wrote (4071)	12/28/1999 8:34:00 PM
From: t2	Read Replies (2) of 14638

Bosco, you are right about 2 steps forward and 1 back. However, I think it will change to 3 forward and 1 back. It is becoming a hot stock. Its valuations will be pushed up due in part to its optical business. I disagree with you on how it will move. I am expecting huge gains leading up to the Jan 25 earnings release. 125 is very realistic, IMHO. I don't usually like to invest in slow movers and I don't think it is. In fact i am more bullish on it since it hit 80s than i was when it was in the 60s. I started buying around the 70s. If widely held stocks like Cisco and Sun Microsystems can have huge gains, i don't see why NT won't---especially if it delivers the earnings and revenue growth. I am expecting a stock split as well. This possibility will also aid in pushing the stock up ahead of earnings. NT should be splitting at earnings. Right now they need a stock price as high as possible so that their acquisition plans do not get derailed by others like JDS Uniphase, Cisco etc. These factors combined will drive this stock, IMHO. This January will be incredible for this stock. That is what i am betting on. For the same reason, I am betting on BCE, the parent co. We shall see. Good Luck

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