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Technology Stocks : Nortel Networks (NT)

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To: bambs who wrote (7477)10/28/2000 9:36:01 PM
From: Techplayer  Read Replies (1) of 14638
 
bambs, NT has been acquiring companies at a premium that will grow revenues and profits for the next 4 years. That is why they differentiate proforma numbers. Look at the cash they they generate. Look at the sales growth. It is fine to be a bear. It is not to just be an uninformed wisecrack artist. NT is not LU by any stretch of the imagination. If you truly believe that cap-ex spending is going to dry up next year for the type of equipment being sold by NT and the next generation networkers, you are trying to understand the wrong sector.

In regards to your next bull posted to Kenneth, you simply have no clue. the telcos are NOT going to stop spending. they never have in the midsst of buildout cylcles through some tough times between 1971 and the present. They can't afford to stop the cycle mid stream. That is a fact. If anything, the companies that can show excessive growth in top and bottom line numbers will be awarded premiums even moreso if other sectors are taken down. tp
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