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Technology Stocks : Nortel Networks (NT)
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To: Bill who wrote (7556)10/25/2000 4:06:56 PM
From: John F. Dowd  Read Replies (1) of 14638
 
e-Bill: Seems like a stretch. they fell short of top line by 2.7% and were punished for 27% loss of market cap. Seems like a very unreasonable reaction for such a small short fall especially when set against the earnings increase and the bright prospects and the fact that the shortfall was due to the inability to install what they sold fast enough. Add to that the carnage in the other optics and you have to think that this is what AG would call negative irrational exuberance.JFD
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