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

To: Peppe who wrote (4446)	1/26/2000 5:25:00 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 14638

Peppe - The additional float will not hurt the NT price. If the arbs sell NT and buy BCE, that could cause a temporary drop in NT price. If NT price drops below $90, I will start buying. I suspect others will do the same.

To: Peppe who wrote (4446)	1/26/2000 6:00:00 PM
From: telecomguy	Read Replies (3) \| Respond to of 14638

No impact whatsoever on the float. No new shares were issued.......simply a conversion from BCE to NT shares. The issue in the short term is whether the ex-BCE shareholders who now own both BCE AND NT shares will all of a sudden decide to unload the NT shares.............there will be some selloff but I wouldn't imagine any major impact. In the mid to long term, this is a strictly a share ownership transfer --- has ZERO impact on the business outlook for NT. So I would buy at any sign of weakness if NT dips as it is likely to revert back to it's proper valuation........