Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: hari t who started this subject	4/25/2003 2:40:55 PM
From: Ian@SI	Read Replies (2) of 14638

A different flavour from the analyst community... 2:25 (Dow Jones) J.P. Morgan raises Nortel Networks (NT) to overweight from neutral, citing strong quarterly results and relatively stable outlook compared to peers. The broker ups its 2Q and FY earnings forecasts, but leaves revenue numbers unchanged. The main reasons for upgrade are momentum in top-line from differentiated packet technology, fully aligned cost structure as evidenced by 400 basis point margin expansion, and a stable balance sheet. Shares off 2.3% at $2.53.

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