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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (81156)	12/21/1999 11:07:00 AM
From: Jo Ellen T	Respond to of 90042

Morgan raises Telecoms-From Yahoo Tuesday December 21, 10:57 am Eastern Time RESEARCH ALERT-JP Morgan raises telecom equipments NEW YORK, Dec 21 (Reuters) - J.P. Morgan Securities said on Tuesday it raised price targets on four telecommunications equipment stocks. -- said raised the price target on Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news) to $125 from $85, raised Motorola Inc. (NYSE:MOT - news) to $165 from $120, raised Qualcomm Inc. (NasdaqNM:QCOM - news) to $570 from $460, and raised Foundry Networks Inc. (NasdaqNM:FDRY - news) to $360 from $225. -- said does not expect any major unforeseen impact from year 2000 issues. Expects the telecommunications equipment stocks to post healthy December quarter results. -- said capital spending by telecommunications companies remained robust in the fourth quarter and should remain so in 2000. -- said wireless handset and infrastructure, ATM switching, IP routing and optical transport systems will be the products that drive revenue growth in the December quarter. -- said focus in 2000 will be on new product introductions by major vendors looking to compete against new entrants. Also, new companies will be trying to maintain technological advantage.