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Technology Stocks : Nortel Networks (NT)

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To: James Chan who wrote (81)	5/11/1997 9:18:00 AM
From: Winston A. Chin	of 14638

Hi James, I think that there is enough room in the worldwide market for LU and NT. Last Q NT's revenues were up 29% over last year's Q and earnings up 28%. Products are being designed with low cost objectives by working with the buyers of our equipment. We used to design in a lot of features which the market was not willing to pay for. Some of those fancy features are now being utilized so the Caddilac features are being used to generate revenues by the operating companies. On the Optical Fiber equipment side the OC-192, OC-48, OC-12, OC-3 are selling resonably well but we have not released any DWDM equipment as yet. On the Cellular side, PCS is selling well and NT's GSM equipment is well received overseas. LU is a great company and I have every confidence in their and NT's growth so much so that I bought more NT shares on the recent dip and persuaded my wife to buy LU. Now we are both showing a paper profit. Cheers, Winston.

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