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Technology Stocks : Nortel Networks (NT)
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To: Kenneth E. Phillipps who wrote (4441)1/26/2000 5:10:00 PM
From: Stocker  Read Replies (1) of 14638
 
Ken, I think he was referring to BCE not NT.

As for the affect on NT, a lot of people have likely been selling NT to buy BCE for the spinoff play. Now that sell pressure, however slight, is removed. That's one positive.

The big question is how many widows and grandmas will want to sell their NT stakes once they get the shares. Speaking personally, my aged aunt owns a lot of BCE for many years and understands that what has been driving that stock is NT. She is thrilled to say the least with NT's progress recently. Let's hope others in her position share the same opinions. I think she's right on track with that line of thinking. I don't think it's a given that conservative BCE holders will sell their NT because they might view it as more risky. For the time being though, BCE will likely get more attention than they have been getting from the investment community. I would suspect a lot of new $$$ will flow to them.
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