Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Techplayer who wrote (3968)	12/17/1999 9:47:00 AM
From: Master (Hijacked)	Respond to of 14638

Nortel Networks Corp - Globe says Nortel rally expected to continue Nortel Networks Corp NT Shares issued 678,860,932 1999-12-16 close $133 Friday Dec 17 1999 The Globe and Mail reports in its Friday, Dec. 17, edition that Nortel Networks' share price, which closed at an all-time high yesterday, has finally caught up to the company's reputation as Canada's high-technology crown jewel, say analysts. The Globe's Lawrence Surtees writes that strong growth in its core businesses and a string of acquisitions capped by the $3.25-billion (U.S.) purchase of Qtera on Wednesday, has catapulted Nortel's stock to record highs all year long and fuelled a 30-per-cent gain this month alone. With a market capitalization of $180.2-billion, Nortel is Canada's most valuable company. Nortel's share price has quadrupled this year, but analysts on Wall and Bay streets say the stock still has room to go higher. A Bloomberg survey of 37 analyst recommendations found 30 of them were to "buy" the stock, six to "hold" and just one to "sell." The Globe says Nortel's share price keeps rising as fast as analysts can set new share price targets. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com