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Strategies & Market Trends : Don't Drink the Kool-Aid Kids

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To: AugustWest who wrote (757)	8/8/2001 8:14:46 PM
From: Stoctrash	of 1063

Who wants some more ...?? I have a new flavor for tomorrow <GGGGGGGG> Check out the NT convert deal...arbs field day i'd bet... cbs.marketwatch.com ============= Nortel sees no recovery till mid-2002 By Martin Cej, CBS.MarketWatch.com Last Update: 5:44 PM ET Aug. 8, 2001 BRAMPTON, Ont. (CBS.MW) -- Nortel Networks, the world's largest telecommunications equipment maker, said Wednesday that it does not anticipate a recovery in industry spending before the second half of 2002. FRONT PAGE NEWS U.S. investors dump stocks; techs get slammed Cisco bleeding stops in late trading Fed's Beige Book offers little uplifting news Aetna says it's hurt by rising costs, as revenue slips Market news and more! Sign up to receive FREE email newsletters Get the latest news 24 hours a day from our 100-person news team. In its quarterly report filed with the U.S. Securities and Exchange Commission, the company added that "there can be no certainty as to the duration or severity of this industry adjustment." The Ontario-based company reiterated that it won't provide year-end forecasts and said it would take an additional cash charge in the third quarter for previously announced job cuts. Nortel has said it will slash 30,000 jobs this year.

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