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Strategies & Market Trends : Rande Is . . . HOME

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To: DlphcOracl who wrote (39436)	10/24/2000 10:51:23 PM
From: DlphcOracl	Read Replies (1) of 57584

An overlooked fiberoptic stock. It may seem odd to talk a fiberoptic value stock before tomorrow's carnage, but this is one worth knowing about. Marconi Ltd (MONI) Marconi Ltd. is a British-based telecommunications provider, similar to what Nortel and Lucent do (in LU's case, I should say: what LU doesn't do!). It has become a player in fiberoptics by making and integrating several acquisitions over the past 1-2 years. They have started landing some large contracts to provide fiberoptic connectivity, first a multi-billion contract with British Telecom, and smaller contracts with an Italian company and in China. They are not a fledgling startup. They have a 30-billion dollar market cap and, relative to Nortel, are very undervalued (although they will be less so after NT is crushed tomorrow). They recently listed on the NYSE in mid-October and will gain better exposure and press with regard to US investors. Undoubtedly, it will sell off in sympathy with everything else fiberoptic. However, it may have greater upside over the next 1-2 years. Just a thought.

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