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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (80682)1/26/2000 4:25:00 PM
From: drsvelte  Read Replies (2) of 120523
 
15:42 ET Nortel Networks (NT) 99 7/8 -9 halted: Canadian Bell operating company, BCE Inc. (BCE 99 1/8 +3 1/8) reportedly to spin-off 95% of their holdings in Nortel, BCE owns 39.2% ($55 bln) of NT, so the spin-off would be about 36% of Nortel shares; SG Cowen analyst, Chris Stix says the sale is not a huge negative but could pressure the stock near-term; long-term however, he sees the sale as good news for NT as it will add liquidity.
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