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Technology Stocks : Nortel Networks (NT)

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To: Jimbo who wrote (9900)	2/18/2001 8:46:23 PM
From: Liatris Spicata	of 14638

Jimbo- <<Would be interested in knowing how our economy differs from Japan's in the late 80s. >> Have you heard of the banking crisis in Japan? The US had a smaller version with its S&L crisis of the 80's, but we faced up to it. Japan has not, and I think it's banks are still carrying around a lot of bad debt. Japanese companies still are overstaffed, but are reluctant to embrace the hard-nosed capitalist answer to such a situation. Finally, North America is fortuitously positioned as the leader in industries with enormous growth potential. Japanese companies in the 80's were far too complacent with their leadership in consumer products. But for the lack of leadership, Sony, Fujitsu, Toshiba or various other Jap firms could have led the networking revolution. They are still playing catch-up (just don't ever count 'em out). These are just some of the salient differences. To try to draw an equivalence between the US today and Japan of a dozen years ago strikes me as quite shallow. Larry

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