Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: SJS who wrote (8453)	11/14/2000 11:21:47 PM
From: jack bittner	Read Replies (1) of 14638

nt is up 33% from last november. that's not a bad buy n hold. that's about the same as its revenue and earnings growth, and about the same as Roth predicted earnings and revs will grow next year. i think it's a fair bet that nt's stock price will be up another 33% this time next year. it is THE fiber optic network supplier of the world and selling at under 40 times Roth's prediction of 2001 earnings - and he knows more about fiber optics than we do. one cloud on the horizon: the new link between csco and glw. neither one has the network expertise of nt but both csco and glw have very many brilliant scientists and engineers. you can hedge that by investing equal amounts in glw and nt. there's no sense in writing and thinking about how unknowable are all the short term vicissitudes of the market. better to look at specific facts about specific companies, buy for cash only, use only half your cash, and use some of that to take advantage of downdrafts and most of that to sleep comfortably with. if you are going to worry about the price of a stock sooner than 2 years from now, don't buy.

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