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Technology Stocks : Nortel Networks (NT)
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To: Doug who wrote (2384)4/9/1999 12:21:00 PM
From: Stocker  Read Replies (2) of 14638
 
This contract is a major coup for NT in that it shows they really are taking business from LU. It's a confirmation that they've got the right product mix too. I expect that more companies will take a better look at NT's offerings just based on this deal.

That said, the move yesterday was a big one given that NT will likely see rev's of say $250 million/year from this deal. That's still not a huge change when you look at their overall rev's. Still, I think the precedent set may be just as valuable to NT as the extra cash.
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