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Technology Stocks : Nortel Networks (NT)
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To: Scripts who wrote (10776)6/11/2001 8:51:53 PM
From: RDR  Read Replies (2) of 14638
 
IMHO, NT will continue to trend downwards over the next couple of months. It wouldn't surprise me to see it trading around $7 US considering the fact that CAPEX is not going to come back as fast as most folks picking these stocks are hoping. Add the management issues at Nortel in the mix and what you get is a stock that will get a lot of selling pressure and more importantly might loose market share to competition (just like they did to Lucent)!!
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