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

To: Kenneth E. Phillipps who wrote (4700)	2/4/2000 6:27:00 PM
From: Bill	Read Replies (1) \| Respond to of 14638

The Shasta 5000 is quite impressive. Big scale and robust software. The question is whether NT can market it. NT is very strong at marketing the physical layer, but move up the model and they have traditionally fallen short.

To: Kenneth E. Phillipps who wrote (4700)	2/4/2000 6:55:00 PM
From: Kenneth E. Phillipps	Respond to of 14638

Reuters Technology News Nortel Stock Streaks to a Record on Heavy Trade By Susan Taylor Feb 4 5:32pm ET OTTAWA (Reuters) - Nortel Networks Corp. (NT.TO) (NT.N) marched into record territory on Friday as several analysts said the firm, one of the world's largest communications companies, could better its sales forecasts. Brampton, Ontario-based Nortel was the net gain leader on the Toronto Stock Exchange on Friday as investors added C$18, or nearly 12 percent, to the stock, which closed at C$171. The share, which saw heavy trade of 4.4 million shares, peaked earlier in the day at C$174.75. On New York, the issue roared to a record 121-1/4 before retreating to end the day at 119-5/16, a gain of 12-9/16. Nearly 11.7 million shares traded hands. Bullish projections for Nortel's fiscal 2000 revenue growth coincide with the conclusion of the first of a three-week road show Nortel is conducting in Canada, the United States and Europe with analysts and institutional investors. ``I think management is articulating a very compelling story in terms of demand fundamentals for the company,' said Jim Parmalee, analyst at Credit Suisse First Boston Technology Group. ``They're firing on all cylinders in terms of the key product areas.' Several analysts told Reuters that they believe Nortel may surpass corporate projections of 20-21 percent revenue growth in 2000 with 25 percent growth. ``The momentum on the optical front is very strong and I think they're probably willing to talk about it more now than before,' said Truc Do, analyst with SoundView Technology Group. ``These guys obviously have some room for upside...for example, they're guiding people to 20-21 percent. I think they certainly can be higher than that.' Parmalee agreed. ``We're officially carrying 21 percent and I believe there's a high probability they do 25 percent if not a little bit better,' he said. In recent trading sessions Nortel has also shaken off the hangover that followed parent BCE Inc.'s announcement on January 26 to spin off 94 percent of its stake in Nortel. Nortel stock, which took a hit from arbitrageurs and jitters over the firm's increased float, has since surged 22 percent from the dip of C$139.95 on January 27. ``I think you've seen Nortel stock underperform following the BCE distribution announcement and I think you're seeing some catch up,' Parmalee said. ``In the short term, whenever you see these types of moves on a daily basis you might see some profit taking in the next couple of days.' ($1-$1.44 Canadian)