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Technology Stocks : Nortel Networks (NT)
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To: Kenneth E. Phillipps who wrote (6737)9/9/2000 12:59:30 AM
From: Warren Gates  Read Replies (1) of 14638
 
Telecom service companies sure are beat up these days. But doesn't mean they're not making money. ATT alone nets close to $5 billion a quarter. That is after accounting for the capital expenditures.

What this WSJ guys need to do is add all the money being made by the telecom service companies and then add all the revenues of the telecom equipment guys. Simple math. Telecom service companies need to spend or somebody else will. There's so much demand that even Lucent is getting some of the business their way.

Once Lucent STOPS getting business, then that's when the yellow flag should be raised.
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