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Technology Stocks : Nortel Networks (NT)
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To: John M. Gelnieau who wrote (1193)10/6/1998 4:15:00 PM
From: larry pollock  Read Replies (1) of 14638
 
I viewed Roth's interview as well. His position that NT is in a quiet period and, therefore, he could not say too much represents a conflict with the blundered analyst meeting. During last week's analyst meeting a great deal was said, as evidenced by all of the news articles. Now, several days later, he claims its a quiet period and can't say anything. He should have thought about that last week. If an ordinary peon level person had blundered to the magnitude of the CFO, the person would have been fired. A $9 billion market cap blunder, there should be some type of visible accountability. Roth's statements during the interview represented meaningless gestures. House's predecessor Ludwick at Bay Networks also talked about growth potential and positioning the company for the future. Those statements were followed by about two years of poor operating performance and a dismal stock price. If you screw up the short-term, the promises for the future are that much more difficult to realize.
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