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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 659.03+1.0%Nov 21 4:00 PM EST
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To: Clint E. who wrote (15688)4/27/1998 2:22:00 PM
From: Johnny Canuck  Read Replies (2) of 68252
 
Hi Clint,

I have the LU CC number at home. I will post tonight. It
is only good till tomorrow midnight.

LU did not see any of the the weakness in demand that NT
saw in the Americas. An analyst specifically asked. NT said
the weakness was due to the timing of orders and seasonal weakness.
I will have to do some checking into their customers in see how
accurate this is. LU was surprised at how low they were having to
bid in Brazil to get a chance at winning any of the wireless contracts. It looks like NEC low balled their bids in a big way and that cause everyone else to low ball. I know ERICY has won about 50%
of the South American contracts so far. As Brazil has just started the bidding on their licenses, it will be interesting to see who is willing to cut their margins the most. Interesting LU mentioned that one of their goals was gaining market share and that they were willing to cut margins to do it. Demand for switches and software was strong this Q. They expected it to be weaker.

I agree with you on the NT short on a technical basis. I can see 55 easily. I won't be initiating any position for the next little while
though. I am going out of town on business next week, so I won't be able to baby sit any positions.

Harry
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