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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?


To: Paul Lee who wrote (3010)7/8/1999 6:22:00 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
Copied from the Raging Bull thread:

Nortel spokesperson responds:

Nortel's Chief Financial Officer Frank Dunn told Reuters that industry demand had created a dearth of parts.

''Strength of growth continues to put challenges on the supply of components, which is a market condition across the industry,''
Dunn said through a company spokesman.

''This condition was anticipated in our expectations for the second quarter.''