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Technology Stocks : Nortel Networks (NT)

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To: csm who wrote (1558)	12/10/1998 10:15:00 AM
From: Kenneth E. Phillipps	Read Replies (1) of 14638

Stuart - Notice that all of the telecom equipment stocks (NT, LU, ADCT, TLAB) are down while the data networking stocks (CSCO, COMS, ASND) are up. The telecom stocks are spooked by the Ericsson warning while the networking stocks are upgraded by the analysts. The market almost always over-reacts and IMO the telecom equipment stocks will again surprise with their earnings just like NT has done the past two quarters and the data networking stocks will be unable to justify their crazy PEs. Just my opinion, of course. Ken

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