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

To: Kenneth E. Phillipps who wrote (4779)	2/11/2000 11:23:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Copied from the Yahoo thread: Updates on Jubak's Picks Stocks I'll take Cisco's word for it Even Cisco Systems' (CSCO) biggest fans were surprised by the company's most-recent quarter. After the market closed Feb. 8, the company announced that, for the 11th consecutive quarter, it had beaten Wall Street estimates by a penny. (Excluding charges, Cisco earned 25 cents a share for the period.) Revenue, however, was the big surprise, coming in at $4.35 billion for the quarter, a 53% increase over the $2.85 billion recorded in the same period a year earlier, and a whopping $200 million above the most-optimistic estimate on Wall Street. Gross margins, a key measure for Cisco since the company is feeling price pressure in several core businesses, remained rock-solid at about 65%. The company also announced a 2-for-1 stock split payable March 22. I'm raising my target price on Cisco to $162 a share by June from the previous $120 target for April. Recommendations Research Wizard Stocks moving at the speed of light In its earnings conference call with Wall Street analysts, Cisco Systems confirmed something that I've believed for months now. Nortel Networks (NT), and not Lucent Technologies (LU), is the company that presents the biggest challenge to Cisco. "We've seen Lucent slow down," says Cisco Executive Vice President Don Listwin, and Nortel has picked up momentum, especially in the optical networking market. I'm raising my target price on Nortel Networks to $145 by June from the previous $125.

To: Kenneth E. Phillipps who wrote (4779)	2/11/2000 9:59:00 PM
From: jack bittner	Read Replies (1) \| Respond to of 14638

Kenneth, my question was not whether SONET must go. it's a given that 7 SONET rings stepping down the speed of the light to an electronic "crawl" will be eliminated; and that an all photonic network will someday soon replace all those complexities. my question is: will cien lead that charge and leave nortel behind because they have technologies more efficient than nortel's and because they don't have to lug around the legacy networks of the old telecoms? jack