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Technology Stocks : Nortel Networks (NT)

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To: telecomguy who wrote (6744)9/9/2000 11:33:00 AM
From: RetiredNow  Read Replies (2) of 14638
 
Cashing out after another double in 1-2 years is short sighted, Telecomguy. Nortel has at least another 5 years of sprinting left in her. This Internet/bandwidth boom is just in its infancy. I mean only 1% of all households have Internet access. It's a no brainer that the Internet will one day (next 10 years?) be as prevalent and may even replace the TV. This translates almost directly into profits and revenue growth for Nortel. Nortel is at the heart of it and in all the sweet spots. So to settle for a double from here is to leave a lot of money on the table over the long term.
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