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Technology Stocks : Nortel Networks (NT)
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To: Eddie Kim who wrote (1079)9/30/1998 10:42:00 AM
From: George A. Roberts  Read Replies (2) of 14638
 
You may want to wait until it becomes a teenager. I am only half kidding as it is not beyond the realm of possibility for Nortel to break $20 on the downside in this wild market. A couple more press conferece debacles and we are there. I remember listening in on a couple of Bays earnings conference calls where House was almost antagonistic toward the analysts, contemptuously almost baiting them and we the shareholders paid the price of that arrogance. I know these tech engineer types think in terms of screw the street and let us build a better mousetrap the analysts are not smart enough to understand what the hell we are doing anyway but it is those analysts that are killing us the under appreciated shareholders that House and co actually work for! If we miss this quarterly estimate we will be in the teens in my honest opinion.
George
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