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

To: Martin Goldenberg who wrote (3158)8/4/1999 12:34:00 PM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
Yes - Martin. Anything that causes uncertainty, especially in a falling market, will adversely affect the stock price. The outsourcing will probably increase margins but the market does not know or care about that. I must admit I did not expect to see Nortel back down this low after such a successful quarter and so many contract wins.

Ken



To: Martin Goldenberg who wrote (3158)8/4/1999 12:39:00 PM
From: Bosco  Read Replies (1) | Respond to of 14638
 
G'day Marty & all - I think this downdraft is technical. We are sitting on the 84 support. Either it bounces - and people will watch how high it bounces - or it will test the 81. The 2nd scenario is not a good one, so I hope that won't happen

best, Bosco


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