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Technology Stocks : Nortel Networks (NT)
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To: Kenneth E. Phillipps who wrote (7301)10/13/2000 1:53:30 PM
From: Bosco  Read Replies (1) of 14638
 
Hi Ken - I hate to say anything less bullish about NT, but the comparison with CIEN is unlikely to gain traction, since CIEN is quite overpriced, which is driven by the technical [as in stock market] dynamics. I am not saying NT should not have a better valuation; quite on the contrary, I think she should go much higher. However, I really see the fallacy of the relative valuation approach.

best, Bosco
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