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Technology Stocks : Nortel Networks (NT)

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To: Techplayer who wrote (7990)	10/30/2000 7:04:22 PM
From: couldawoulda	Read Replies (1) of 14638

here here techplayer - my best guess is that it was some kind of professional development day for secondary schools and Robby's getting his kicks. Beats picking up the grade 9 math book for sure and learning the times table. NT was showing some good strength going into the close so I picked me up some. There is an article on CNET describing the market action today which is absolutely hilarious. Contained within the article is a quote from a U.S. Bancorp Piper Jaffray analyst that states the following: "Everyone has been waiting for the last shoe to drop (in the tech sector), and I think some of the storage and networking stocks are the last shoe," said Brian Belski, a fundamental market strategist at U.S. Bancorp Piper Jaffray. Belski is optimistic for a rally in the tech sector if price-to-earnings valuations come down and investors lower their previously sky-high earnings growth expectations." What the article fails to mention is that this same analyst and his firm has an updated Oct. 12 month target on SDLI of $740.00. Amazing. The analysts are simply out to lunch.

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