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Technology Stocks : Nortel Networks (NT)
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To: Kenneth E. Phillipps who wrote (12850)5/30/2002 4:52:13 PM
From: Robert T. Quasius  Read Replies (2) of 14638
 
NT can and will survive. It is just a matter of time before telecom capital spending rebounds. Bandwidth demand, wireless upgrades, etc. continues to grow and eventually will force providers (at least the survivors) to invest in infrastructure.

My medium term target is $8 - $10, long term $25 - $30. The street is acting as if people are going to stop using the internet or their cell phones. The truth is that we are in a cyclical downturn, deepened by overinvestment during the big bubble and a general economic recession.
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