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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

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To: Thomas M. who wrote (15253)	2/15/1998 4:22:00 AM
From: Johnny Canuck	Read Replies (1) of 68095

Hi Thomas, I won't be around much in the next few weeks, so don't get discouraged if you don't get an answer right away. I have seen the rumors in the press and I have heard a number of other ones that came out of ComNet that did not make the press involving NT. I won't repeat any of the other ones as I have not been able to verify any of them. If any of them are true, that information is not filtering out of the upper management to the working engineers, In general I tend not to give too much wieght to rumours. They should not effect your descision to enter or exit a trade. Concentrate on the fundamentals, if the rumors are true it is a bonus, but don't buy a stock based on a buy out rumor. They are often wrong, though if your timing is right on exit and entry you can get a few points as people buy on the rumor and sell on the news. Get the timing right on rumours is difficult though. As for NT's and LU's desire to acquire data network technology, the short answer is they are both looking to expand their presence in this area. If you listened to the CSCO conference call, you would have heard Chambers mention that both NT and LU have 3 billion dollars in sales annual in networking products and the CSCO is aggressively looking to form an alliance with both of these companies. The reality is that RBOC's prefer to deal with telecommunications companies not networking companies. Convergence between networking and telecommunications is coming. NT recently formed a data communication division. The new head of the division has stated he is willing to buy technology where appropriate and form partnerships as needed. CS has a relationship with NT already. NT's is trying to get the ISP business too, Their new 1 megabit modems due this Christmas will make them a player in this space. They are number one in the enterprise ATM WAN space. LU wants to aggressively be in the networking area too as the growth rates of the demand for products is high. They are essential prevented from making a big merger or buyout till October as they are prohibited from making a pooling of interest deal till that time as far as I know. That was one of the terms of the spin off of LU from T. Harry

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