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To: dan36 who wrote (17313)	4/19/2001 4:16:27 PM
From: Softechie	Read Replies (2) of 37746

Nortel amd PMCS just trashed the party. No guidance given. Nortel Networks (NT) 17.80 +0.35: Reports Q1 loss of $0.12 a share, in line with the First Call consensus of ($0.12) and at the low end of the guidance range that called for a loss of $0.10-0.12. Revenues of $6.18 bln were in line with guidance of $6.1-6.2 bln. Company expects that capital spending will continue to be constrained and will not provide guidance for next quarter or the year as a result. PMC-Sierra (PMCS) : Posts Q1 net of $0.02 a share, in line with consensus; no guidance offered.

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