TechPlayer, Do you remember this post from last November?
MSDW recommended switching out of Nortel at 80 and into Lucent at 75. Nice advice eh?
To: Mighty Mizzou who wrote (11417)
From: Bindusagar Reddy Tuesday, Nov 30, 1999 11:25 AM ET
Reply # of 14485
LU favored over NT. 11:04am EST 30-Nov-99 Morgan Stanley\DW MORGAN ENE HLTH CMS NT LU ADI C CLX RMB
NEW YORK MORNING MEETING SUMMARY/P1
TECHNOLOGY: TELECOMMUNICATIONS & WIRELESS EQUIPMENT
Alkesh Shah/(212) 761-6554
We Favor Lucent Over Nortel
- Optical networking start-ups are doing extremely well, Alkesh said
He also commented on Nortel Networks' problems in supplying ITC DeltaCom (see separate item below).
- Nortel (NT, $80, Outperform, target $85) is capacity-constrained, he said
This should benefit Lucent Technologies (LU, $75.69, Strong Buy, target
$85), Alkesh believes.
- To play this, he would switch out of Nortel and into Lucent |
