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

To: Paul Fine who wrote (3086)7/28/1999 7:47:00 AM
From: Kenneth E. Phillipps  Respond to of 14638
 
Roth also addressed some rumors. He said that Nortel had not been in talks with JDS Uniphase Corp. (Toronto:JDU.TO - news) over selling
its optical networking unit to the components maker. Nor did it have any discussions with Telefon AB L.M. Ericsson , as had been speculated
earlier this year, he said.

biz.yahoo.com



To: Paul Fine who wrote (3086)7/28/1999 8:01:00 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
Overall, Nortel said it still expects to hit the sales and earnings targets it offered analysts early in the year.

In other words, its 1999 revenues will come in somewhere between $21.5 billion and $22 billion -- compared with $17.6 billion last year -- and earnings will grow roughly 20 per cent.

Message 10685689


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