Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: StockJock-e who wrote (9792)	2/16/2001 2:40:16 AM
From: Daniel G. DeBusschere	Read Replies (1) of 14638

If I get back in at $15 it will only be with new senior management including Mr. Roth who up to today I had the utmost respect for. On January 18th Mr. Roth said we was comfortable with revenue at$8.1B and earnings at 16 cents for the current quarter. To now say that revenue will be more like $6.3B is astounding. For a company of this size, the first quarter should have been in the book on January 18th, not less than a month later! I am very suspicious of how these guys have been recognizing revenue it's really scary. It took me less than 30 seconds to decide to dump my position and thanks to Charles Schwab, the position was liquidated within a couple of minutes. I have never had such a turnaround attitude on any stock that I was previously long on.

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