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

To: Paul Fine who wrote (3825)	11/19/1999 4:21:00 PM
From: Master (Hijacked)	Read Replies (1) \| Respond to of 14638

(Not sure URL will work) wwwf.canada-stockwatch.com:80/cgi-shl/dbml.exe?template=/sw/Bull&what=bull&pdate=19991122&category=525&symbol=NT Nortel Networks Corp - NP says TeleClone margin deadline is today Nortel Networks Corp NT Shares issued 678,860,932 1999-11-18 close $115 Friday Nov 19 1999 See TeleClone Inc (TCL) In the News The National Post reports in its Friday edition that TeleClone Inc. has until the end of business today to extricate itself from a jam that could force the breakup of the company. TeleClone is in breach of a margin agreement with an institutional investor that lent it roughly 5.3 million shares of Nortel Networks Corp. Lately, TeleClone's share price has hovered around the amount investors will get if the company goes under. On Wednesday, the lender of the Nortel stock – believed to be the Caisse de depot and placement du Quebec – exercised its right to demand TeleClone fix the margin problem within two business days. TeleClone set itself up in June last year as a way for investors to buy into BCE Inc. without exposing themselves to Nortel. It was considered a way to capture the undervalued telecommunications assets of BCE while avoiding the volatility and holding company discount arising out of BCE's 39.6-per-cent stake in Nortel. After borrowing the Nortel shares and short-selling them, TeleClone bought 6.2 million BCE shares. TeleClone had to maintain a value of at least 105 per cent of the shorted 5.3 million Nortel shares, and this has not been the case since Tuesday. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com