D.J. - Sounds like you need a vacation, and/or a couple years away from the stock market <ggg>. Don't worry, when you return in 2003, Dell will probably still be in the twenties, so why hang around and keep that blood pressure up?? To help you along and get your dander up even more, how the hell is Dell going to sell more PC's when even Nortel is getting out of the 'commoditized, low growth' DSL market???
Regards,
John <ggg>
Nortel exits DSL business to focus on high growth
Thu May 10 17:36:00 EDT 2001
OTTAWA, May 8 (Reuters) - Nortel Networks Corp. (NYSE:NT)
(TSE:NT), the world's largest supplier of telecommunications
equipment, told Reuters on Thursday that it will exit the
Digital Subscriber Line (DSL) business to focus on
higher-growth markets.
Nortel acquired the DSL technology, which supports
high-bandwidth traffic over copper phone lines, through its
purchase last year of Promatory Communications for about $778
million.
Nortel would not comment on any goodwill or writedown
charges it would take related to the discontinuation and said
staff cuts are included in the 20,000 job reduction that was
announced in late April.
"We're choosing to focus our energies on the high-growth,
high-value segments to drive our customers' profitability,"
said Nortel spokesman David Chamberlain. "DSL is a market
that's been heavily commodities and it doesn't necessarily
match up as a high-growth market for tomorrow."
($1=$1.54 Canadian)
e-mail susan.taylor1@reuters.com, fax 613-235-5890)) |
