2002 Canadian Stock-Picking Challenge Message Board

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Strategies & Market Trends : 2002 Canadian Stock-Picking Challenge

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To: quasi-geezer who wrote (39)	1/10/2002 6:56:00 AM
From: Al Collard	of 1590

NT-t...in the news: Globe says analysts expect Nortel to grow in 2002 Thu 10 Jan 2002 The Globe and Mail reports in its Thursday, Jan. 10, edition that Nortel Networks was recommended Wednesday by a team of Scotia Capital market watchers. The Globe's Caroline Alphonso writes that Scotia Capital analyst Andy MacLean says this year holds much promise for Nortel. "Nortel still has the best products and is positioning itself fairly well for growth in wireless network," says Mr. MacLean. "I think in this market you can use the volatility that we're seeing to your advantage," he says. "So on pullbacks, on negative news, that's what I would use as entry points for tech." In a survey of 71 managers conducted by Towers Perrin, Nortel was cited most frequently. Mr. MacLean says valuations for Nortel have pulled back to "more reasonable levels" and the stock will likely move up to the high teens by the end of the year. Among technology stocks, Mr. MacLean favours Nortel and Microsoft. Nortel stock slipped eight cents to close Wednesday at $12.91. The stock has risen 8 per cent since the start of 2002.

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