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Technology Stocks : Nortel Networks (NT)

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To: Ken Twining who wrote (910)	9/29/1998 1:40:00 PM
From: Anthony Wong	Read Replies (1) of 14638

TORONTO (Dow Jones)--Northern Telecom Ltd.'s (NT) stock was trading at a 52-week low when it was halted, after company executives told analysts Tuesday morning that the company would fall short of revenue expectations for 1998 and 1999. The current revenue forecasts for the company weren't immediately available. One analyst, who asked not to be identified, said Northern Telecom, a big supplier of telecommunications equipment, still aims to meet earnings forecasts. Northern Telecom is expected to earn US$1.83 a share in 1998 and US$2.30 a share for 1999, according to First Call. At the halt, Northern Telecom was down 7.40, or 12%, to 54.30 in Toronto and down 5 1/4, or 12.9%, to 35 1/2 in New York. The stock has traded 1.94 million shares in Toronto and and nearly 3.5 million shares in New York Tuesday. (MORE) DOW JONES NEWS 09-29-98 01:06 PM

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