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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: mtnlady who wrote (33962)10/24/2000 5:49:43 PM
From: Paul Shread  Read Replies (1) of 42787
 
Nortel Networks (NT) 63 5/16 -3 5/8: -- Update -- Overall Q3 sales come up short at $7.4 bln, short of consensus of $7.63 bln; specifically, Optical Internet segment growth of 90% was short of analyst expectations but mgmt contends Q3 is seasonally slow due to customer's scaling back production during late summer months, particularly in Europe; also talk on the call of greater-than-usual revenue recognition issues meaning product shipped but too early to recognize revenue on income statement; stock trading at 51 1/4.
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