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Technology Stocks : Nortel Networks (NT)
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To: OrionX who wrote (8432)11/11/2000 10:44:15 AM
From: unix_daemon  Read Replies (2) of 14638
 
Shareholders often hope when they should fear,
and fear when they should hope; i.e., they
sell their winners too early, and hold their
losers too long.

I'm not worried at all about the internet being built,
OrionX.

It will happen. The growth can slow though.
And if a company's growth rate slows, the
market reacts with it's feet.

Companies will make money on the growth of the 'net.
However, no one knows who the survivors will be.

With regard to the lending practices of suppliers:
I find it a bad practice to argue with
the stock and bond markets. The bond market
has turned it's back on telcos. There is
over $200 billion in telco junk bonds. Ok,
maybe NT is a shrewd lender; the stock
market doesn't think so. Maybe the NT
shareholders here are right, and the stock
market is wrong.

There was a great deal of pain expressed on this
thread after the market's reaction to NT's earnings.
I don't take pleasure in other people's pain; that's
not my bag.

But there were many here who called NT a bargain
at $45. Then in their view it must be a better
bargain at $38 5/16 (yesterday's close).
Perhaps it is. With that logic it would an even
better bargain at $35, then at an even better bargain
at $32.

I'm not suggesting it has to move there. NT could
move lower or higher. One point I'm trying to
make is: no one knows.

I would like to promote an intelligent discussion
of both the bull and bear sides of a company's
prospects, without the name-calling and without
the drunken exuberance.

(no position in NT)
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