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Technology Stocks : Nortel Networks (NT)

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To: Gottfried who wrote (13045)7/13/2002 1:17:40 PM
From: larry pollock  Read Replies (2) of 14638
 
Finance.lycos.com shows most of the transactions.

Also-

Nortel Insiders Buy Shares; Chairman Takes 1 Million, Post Says
By Joe Schneider

Toronto, July 12 (Bloomberg) -- Nortel Networks Corp. directors and officers bought 1.82 million shares of the company, with chairman Lynton Wilson acquiring 1 million for his own account, the National Post said, citing a regulatory filing.

The shares in North America's second-biggest telephone- equipment maker were acquired June 12 for $1.41 each according to insider trading reports filed with the Securities and Exchange Commission, the paper said.

Nortel spokesman David Chamberlin said there were no discounts, shares were not set aside exclusively for insiders, and the company issued no loans to executives to help them buy the shares, the Post reported.

The purchases should be viewed as a vote of confidence for the company, Thomas Caldwell, chairman of Caldwell Securities Ltd, told the Post.

Nortel shares rose 11 cents, or 8.3 percent, to $1.44 in New York yesterday. They have fallen 82 percent in the past year.

(National Post 7-12 FP1) For the National Post Web site see {NPST }




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