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Technology Stocks : Nortel Networks (NT)
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To: Master (Hijacked) who wrote (8457)11/13/2000 11:26:30 PM
From: dave turliku  Read Replies (2) of 14638
 
<<<It has no where near the value of other tech stocks with
triple digit P/E ratios, such as, Ciena. >>>

So often I have heard a similar refrain Mr. Bates. Often times that line is used by a homeowner, who thought since Mr. Smith down the street's house sold for $XXX, mine must be worth $YYY.

Except that eventually everything, NT included, gravitates back to where equilibrium dictates.

Where is equilibrium ? Certainly not CIEN with triple digit PE's. But do know, that as all reach their true state, so will NT - and that my "friend", will not be a PE of 50-60.

Think objectively - 60 is overvalued. You are still caught up in the mania.

Regards,

Dave
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