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Technology Stocks : Nortel Networks (NT)
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To: Steve Warkentin who wrote (270)12/14/1997 4:21:00 PM
From: Barron Von Hymen  Read Replies (2) of 14638
 
NT calculates earnings in U.S. dollars. With Canadian dollar dropping like a rock, should positively impact earnings since their expense base is in Canada. I like the fact that NT only has 6% exposure to Asian markets. LU has a loftier valuation than NT, also NT has a rigorous stock buyback plan, I'm not certain LU has one.

>> Headsets? I hardly think this is a high margin or high profit or high growth enterprise. This is not their key to growth. It lies in mainly telecom infrastructure.
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