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

To: Gregory Rasp who wrote (3532)	10/22/1999 10:02:00 PM
From: Bosco	Respond to of 14638

G'day all - Yockey of Artisan [sp?] Intl Fund was on W$W. When he was asked about Canada, the fund has 16% in Canada [presumbly a substantial weight.] He said Canada has been overlooked. The 3 names he mentioned are NT, BCE [b/c of NT] and Clearnet best, Bosco

To: Gregory Rasp who wrote (3532)	10/22/1999 10:24:00 PM
From: jim	Read Replies (1) \| Respond to of 14638

Please allow me to just vent, but if you must engage me, the problem with CLFY is that, that growth rate is not sustainable. They already have a major list of customers that have done a good job of helping to grow their business in the short term, such as GE. You must appreciate that the rate of growth necesary to make the valuation on this stock reasonable, is not acheivable given their absolute profitability. Even a PE at their revenue growth rate, which so seems to impress you would suggest a stock price of $40, yes that would be a PE of 80, not the current 135. I know... new paradigm. Anyway, I appreciate the potential synergies for this, my concern is the price being paid, and as I mentioned previously at least it was with stock.