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Technology Stocks : Nortel Networks (NT)
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To: llwk7051@aol.com who wrote (221)10/22/1997 8:30:00 PM
From: Winston A. Chin  Read Replies (2) of 14638
 
A growing number of analysts are downgrading NT. Although earnings for the 3rdQ was up 37% the enterprise data area was down 1%. This was looked on as a deficiency which will hurt future earnings growth and with the high PE ratio it was bailout time or time to accumulate cheaper shares as the problem has been admitted to by management. Only time will tell if the measures being put into place will make NT great in all areas of communications.
WAC.
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