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Technology Stocks : Nortel Networks (NT)

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To: Kenneth E. Phillipps who wrote (9108)	12/23/2000 10:47:04 AM
From: zbyslaw owczarczyk	Read Replies (1) of 14638

Kenneth just last weeks several hours before Adobe was schedule to report MSDW downgraded stock saying that Q numbers will be in line but future picture will be cloudy. Well ADBE beat numbers by 15% and increase outlook for 2001. How much worth was MSDW opinion at the time where analysts can not get inside info as they use to do in the past (SEC rules). Just two weeks ago Corning on analyst meeting stated that Q4 and 2001 will be in high end of expactation!!! GLW view in December as well as very positive outlook given by Alcatel on Nov.28 are the most recent indicators of the health of the industry, much more accurate then analysts manipulation. ZO

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