Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: hari t who started this subject	10/26/2000 11:44:25 AM
From: Dave Gore	Read Replies (2) of 14638

FYI - NT trading at about just 45x FY2001 earnings, JDSU about 60X, EMC about 80X, VRSN about 300x (using Zacks consensus ratings and my questionable but usually accurate math...lol) I just don't see much downside from here on NT unless management guides downward again in a few weeks. It should rebound with a positive JDSU report. Again I wouldn't pay over a PE of 10 or 12 for certain chip stocks (KEM is at a PE of 7, LRCX at 8.5) but a PE around 50 for a high growth stock a few months out is not bad at all.

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