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Technology Stocks : Nortel Networks (NT)

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To: Cooters who wrote (14026)	8/20/2004 10:50:39 AM
From: John Hayman	of 14638

snip from the wonderful folks at street.com. snip> Go Nortel It on the Mountain Boy, those folks from Nortel (NT:NYSE - commentary - research) sure know how to inspire investor confidence. Early Tuesday, the troubled telecom-equipment manufacturer announced that on Thursday morning it would provide "estimated limited preliminary 1st Half 2004 results." "Estimated limited preliminary" results? Coming 50 days after the second quarter closed? Can you get any more lame, tentative and bet-hedging? Yes, you can, evidently. On Thursday, when Nortel announced those results, it said that they were not only estimated, limited and preliminary, but also unaudited. Whoa. It appears that on Tuesday they had been a little reckless. <snip John

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