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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks

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To: Eva who wrote (2618)	11/28/2001 8:51:23 PM
From: Vitalsigns	Read Replies (2) of 2773

Thanks for the Link Eva, Also, no one mentioned GS lowered NT's estimates to $15 Billion from $16.5 Billion in revs. There is a $3 Billion dollar credit line that was supposed to get cancelled when Rev's went below $18 billion. They were able to keep that Credit line based on lower Rev target but I am sure it was not below $16 Billion. Also it now looks like the $1 billion high speed internet infrastructure planned accross Canada that The Liberals will be cancelled or delayed indefitely. The Setp 11 th attack has caused the Goverment to have to spend large sums of money on Airport Security and other terrorist measures, as well as the Health Care system will need more cash infusion. That means that Nortel's expected bonanza in 2002 selling equipment and consulting services to the government for this project is no longer in the works. This is probably another reason for Goldman Sach's revenue adjustment. Again, the market has not responded in kind.... Yet. Enron was too big to fail, how about NT? WE know that ottawa has no intention of surporting unproductive companies.

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