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Technology Stocks : Nortel Networks (NT)

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To: KM who wrote (7895)10/29/2000 10:19:02 PM
From: rrufff  Read Replies (1) of 14638
 
With all due respect and your arguments are not bad, it's just that you sound so much like many of us longs when NT was at 89 and the world was rosey. Just as everything looks best at a top, everything looks just awful and over priced at a bottom.

Tech is not going away, the internet exists and will change the economy. A small fraction of business is done online. Long term NT and those that provide the infrastructure will be the way to go.

We're not talking priceline or Send a Smile.com or even Amazon, we're talking the outfit that really will be there as the internet truly takes off.

Personally, I believe that NT deserves a market cap and ratios that approach Cisco's.
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