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

To: Bosco who wrote (4249)	1/11/2000 9:28:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 14638

from WallStreet Transcript NORTEL NETWORKS CORPORATION (NT); Brampton, Ontario ' John A. Roth, Vice Chairman, President & CEO of Nortel, is not sparing the bucks, claims a money manager. 'The Street was very skeptical when Nortel acquired Bay Networks, but now they also appear to be doing excellent things, especially given the aggressiveness to get into the optical arena. They are not sparing the bucks. They are going for the throat. It's basically just like Cisco. So very high marks for John Roth and his team.' Nortel's hungrier than Lucent, adds a pro. 'The management of Nortel had a little bad rap in late '98 in terms of bad execution and all that stuff. Actually, Nortel has pretty strong management. They made the right acquisitions. They're even a little bit hungrier than Lucent. They are bold in their execution in terms of their strategy. They've done pretty well in 1999, and they'll probably do well in 2000. One of the things that has helped them going forward is their early strategy in optical networking. Now Nortel is recognized as the leader in that space.' An expert explains, 'Nortel's stock has had an excellent year. That's because the company was in the space that investors were pretty excited about, namely fiber optic transport and access. They have established a leadership position in fiber and a strong competitive position in access. Investors got more optimistic about Nortel's long-term growth prospects for that reason as the year unfolded.' Big improvements at Nortel, claims a sell sider. 'Nortel has had a very big improvement in execution. John Roth has done a good job, especially of refocusing the company much more on the bottom line. They've done a restructuring, and you will see some nice announcements coming soon as well. The company's focusing on the core businesses on the top line, while keeping the expenses under control at the same time. They've also done very effective advertising campaigns, which have really helped them to build or improve their image. Nortel was always struggling with a sort of 'me-too' after Lucent, and the advertising has changed the image of the company a little bit more towards 'we're different than Lucent'.'