Nortel Networks (NT) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nortel Networks (NT)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SJS who wrote (7062)	9/28/2000 2:17:01 PM
From: SJS	Read Replies (1) of 14638

CSFB thinks the wireless push is a strong part of NT's forward opportunities. This is from a 9/28/00 intraday note....... ______________ Nortel Networks (NT-$59.63-Cap $183B-Strong Buy) Continued Momentum in NT’s Wireless Business FY00E: $0.73, FY01E: $1.00 · Nortel announced wireless contract expansions of $250M at Chunghwa Telecom and $275M at China Unicom (both existing customers); DIGITEL (in the Philippines) also announced it awarded NT a $200M contract for GSM 1800 mobile network, subject to execution of definitive agreement. · Chunghwa is deploying GSM 900/1800 dual-band digital cellular network and Unicom is implementing NT’s GPRS network infrastructure; Majority of revenue under these new contracts anticipated to be recognized in 2000, with remaining portion occurring in 2001; No vendor financing was associated with these contracts. · To support anticipated growth in Asia Pacific wireless market, NT is increasing workforce in that region by 30% by year-end 2001 (1,400 new hires); Reiterate STRONG BUY and $120 price target.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next