Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Bosco who wrote (2244)	3/17/1999 9:23:00 AM
From: Paul Fine	Read Replies (2) of 14638

Jim Cramer(street.com) told CNBC he is short NT. He said he is holding Puts that expire this week at $65(with some shares long as well as a hedge). Didn't necessarily knock NT per se, rather that he thinks the sector they focus on(Enterprise equipment) is slowing vs other tech areas. Also said he is out of LU and will wait to see if they can bring in the next qtr. Mentioned the analysis done by Bob Olstein on CNBC last Friday saying the LU numbers last qtr were alot of smoke and mirrors. I don't look for Cramer's comments to crash the stock, just thought you all should be aware of the rationale he gave. Paul

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