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Technology Stocks : TLAB info?
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To: dougjn who wrote (3960)9/30/1998 12:37:00 PM
From: Beltropolis Boy  Read Replies (1) of 7342
 
Does anyone have any info on the BT Alex Brown downgrade to market perform?

doug.

while i'm no ace marksman, i think this drop is partially attributable to guilt by association. as you may have noted, BT also downgraded LU similarly: "buy" to "market perform." combined with the warburg downgrade, NT 'implosion,' and alcatel's warning last month, the street's a wee bit uncertain on the future of telecom equipment earnings.

of course, the street's myopic. if you've got your sights set past y2k, it's my belief that this industry (and TLAB over the next 3-5 years) will do quite fine thank you very much.

good luck,
-chris.
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