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Technology Stocks : Nortel Networks (NT)
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To: t2 who wrote (13611)7/24/2003 5:01:27 PM
From: The Ox  Read Replies (1) of 14638
 
Solid earnings. Nice reduction in SG+A. The stock will probably sell-on-news but the restructuring and selling/cutting of non-essential business lines is starting to show rewards. NT is blowing away LU in bottom line performance.

My guess is down 8 to 12% tomorrow as people won't see the improvement being shown, only the bottom line loss for the quarter. Once the street looks past the headlines, they may see a few reasons to be optimistic.
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