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Technology Stocks : Nortel Networks (NT)
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To: Scripts who wrote (10440)3/28/2001 6:42:30 PM
From: Clay Takaya  Read Replies (3) of 14638
 
Here are Sagawa's profit numbers for NT:

Sanford C. Bernstein analyst Paul Sagawa cut his 2001 earnings estimate to naught from 69 cents per share. ``As we do not expect meaningful reacceleration of telecommunications capital spending until late 2002 or early 2003, we are also reducing our 2002 earnings per share estimate from 75 cents to 33 cents,'' Sagawa wrote.

Particularly alarming is his prediction that meaningful reacceleration of telecom capex is not going to resume until late 2002.
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