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	1/6/2004 8:08:22 PM
From: Ian@SI	Read Replies (1) of 14638

* 07:52 ET NT upgraded at Soundview 4.62: Soundview upgrades Nortel (NT) to Outperform from Neutral, names the stock their top pick (replacing Nokia), and raises their target to $6 from $2.50; firm believes that NT's 2004 1X EV-DO revenue prospects in the United States have brightened, as they are hearing from multiple industry contacts that Verizon is closing in on a decision to deploy high-speed 1X EV-DO technology nationwide; firm also says NT's European 3G W-CDMA market share is increasing, and they think that NT's improved market position should lead to revenue growth slightly ahead of their above-consensus 6% YoY wireless infrastructure industry forecast

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