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Technology Stocks : Nortel Networks (NT)

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To: Eric B who wrote (1070)	9/30/1998 10:13:00 AM
From: George A. Roberts	Read Replies (2) of 14638

This is to me all about Bay. The rational if stubborn , perhaps ideologues (myself included) of the old Bay thread should have all known better than to have held through the merger. The street hates the merger. Here is what I believe is their collective perception: Nortel is a very low margin company and Bay will not be able to encroach upon Cisco's dominance in networking and thus the margin will remain as it is but the stock is now deluted because of the Bay merger. In short they do not see Bay as adding substantially to the bottom line and their traditional telcom business is losing to Lucent. What we have here I fear is just a bigger Bay Networks that is up against better companies and the street wants to bank on the leaders Cisco and Lucent. I am clueless as to what to do as an individual shareholder. I am now down around 5k , which is as far down as I ever was pre merger in the last two + years in Bay. It is hard for me to sell and book the loss but I may have no choice when the margin call comes in the next few days ,,,,or hours,,,I will not sell my other stocks to cover but rather start selling off pieces of Nortel to cover... George

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