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

To: Frank Ferrari who wrote (3071)	7/27/1999 4:49:00 PM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 14638

Does anyone have conference call number? Thanks, Robert D.

To: Frank Ferrari who wrote (3071)	7/27/1999 4:59:00 PM
From: Martin Goldenberg	Read Replies (1) \| Respond to of 14638

These results sure surprised me! Last quarter NT's revenues were only 26% compared to LU's 33%. Also .55 earnings per share beats the high end estimate of .53. All this is very good news indeed. The fact that their revenues broke 30% should place this stock at comparable market valuations with LU's and CSCO's. After the slide over the last few trading days (kicked off by LU I might add.....and LU was up 2 1/2 today), I look forward to tomorrow's reaction to these great results. Go NT. Martin

To: Frank Ferrari who wrote (3071)	7/27/1999 8:05:00 PM
From: Mr.Fun	Read Replies (1) \| Respond to of 14638

Some Observations: 1. Q2 was stronger than expected, but apples to apples revenue growth was about 13.4% not30%. Remember Bay was accounted as a purchase, included as of Sep. 1 1998. Q298 had no revenues from Bay. Add in the $618M from Bay to get the real compare. 2. Optical carried the day. Wireless, although up 17% or so, continues to lag LU, NOK, and even ERIC. 3. Enterprise was terrible. If you adjust for Bay, it was down 10% or so YoY. 4. Analysts will raise numbers, just on the reduction in tax rate from 35.5 to 33%. 5. Rest of 99 will be no problem, Y2K is not an issue. The street will like that message. 6. Company refused to give any concrete guidance for 2000 - only we'll grow top-line faster than industry growth. Analysts hate this.