Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gregory Rasp who wrote (5289)	4/12/2000 8:54:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 14638

nice win Verizon Wireless Selects Nortel Networks for US$500 Million Network Buildout Wireless, Optical Investment Paves Way for Expanded Capacity and Coverage to Meet Strong Customer Demand NEW YORK, April 12 /PRNewswire/ - Moving quickly to fulfill the bold promise of its new national brand, Verizon Wireless today announced it signed a letter of intent to purchase an estimated US$500 million in wireless and optical equipment from Nortel Networks (NYSE/TSE: NT). This planned agreement is expected to provide significant savings to Verizon Wireless' network infrastructure costs. Nortel Networks and Verizon Wireless expect to enter into a two-year agreement that will enable Verizon Wireless to increase capacity and coverage in key markets and offer high-capacity, cost-effective and reliable wireless services to its customers nationwide. The agreement also is expected to include optical transport and asynchronous transfer mode (ATM) switches for major metropolitan markets, and additional equipment for expansion of an existing microwave backbone network. Last week, Verizon Wireless announced one of the wireless industry's largest planned capital investments. By the end of 2000, the company will invest more than US$3 billion in its nationwide network to further expand its digital footprint and increase capacity for wireless voice and data services. This investment will involve the properties of GTE Wireless (based on the close of the Bell Atlantic and GTE Corporation merger). "Continued investment in our CDMA network will enable Verizon Wireless to efficiently and cost-effectively expand its CDMA network to support today's subscriber growth and meet future growth forecasts," said Richard Lynch, executive vice president and chief technical officer of Verizon Wireless. "CDMA has proven itself as the best, most efficient digital service in the industry. Plus CDMA technology offers a clear and cost-effective path to 3G products and services, and Nortel Networks is a key partner in deploying these solutions nationwide." "Our paramount objective is to drive down the cost of building and operating wireless networks," said Anil Khatod, president, Internet Business Solutions, Nortel Networks. "By combining packet, IP, wideband digital radio and optical backbone technologies, we're delivering a new era of network economics." "We expect not only to drive down costs, but also to bridge the gap between wireless and wireline, bringing people and content together instantaneously with a new, high-performance Internet," Khatod said. "By showing the foresight to explore and evolve to this architecture - in particular, by pairing wireless and optical technologies - Verizon Wireless is staking claim to first-mover advantage in delivering lower costs and advanced new services to its customers." Verizon Wireless and other operators plan to use new high-speed, highly reliable Wireless Internet services to capitalize on an anticipated explosion in demand for wireless data. The Yankee Group, a leading industry research firm, expects the U.S. wireless data market to grow from US$1.8 billion last year to US$13.2 billion by 2003, with as many as 25 million wireless data users nationwide by 2002. Already preparing to conduct trials in Dallas of a packet-based, all-IP (Internet Protocol) wireless network architecture, the companies are also planning a second trial -- to begin in August 2000 at a location to be determined -- using third generation (3G) cdma2000 digital radio technology. The first phase of cdma2000 technology -- called 1XRTT -- is designed to double voice capacity and support data transmission speeds up to 144 kilobits per second, or 10 times the speed commonly available today. cdma2000 is ultimately expected to offer speeds up to 384 kbps for mobile and two megabits per second for stationary applications. Verizon Wireless is the largest wireless communications provider in the US with over 16 million wireless voice and data customers and nearly four million paging customers. The new, coast-to-coast wireless provider was formed by the combination of the US wireless businesses of Bell Atlantic Corp. and Vodafone AirTouch Plc. The new company includes the assets from Bell Atlantic Mobile, AirTouch Cellular, PrimeCo Personal Communications and AirTouch Paging. Verizon Wireless will be further strengthened by the addition of the US wireless assets of GTE Corp. when it completes its merger with Bell Atlantic. When the merger is complete, the new company will have a footprint covering nearly 90 percent of the US population, 49 of the top 50 and 96 of the top 100 US markets. Verizon Wireless, headquartered in New York City and Bedminster, NJ, is 30,000 employees strong. Visit the company at www.verizonwireless.com.

To: Gregory Rasp who wrote (5289)	4/12/2000 1:25:00 PM
From: Foo Bar	Read Replies (1) \| Respond to of 14638

Nortel has been called for bottom fishing for value investors ====================================== worldlyinvestor.com Wake-Up Call Special Midday Edition Another Orderly Evacuation of the Nasdaq By David H. Smith, Columnist It's orderly, not panicked, but the Nasdaq is sinking nonetheless. What we are having is another orderly 4% to 5% sell-off in the Nasdaq. At 11:30, the worst of it is probably behind us, for this day at least. At the lows, the Nasdaq 100 and Composite indexes were within 150 to 200 points of the lows marked during the panic of midday last Tuesday. That is getting close to the retest that market technicians always want to see to confirm a bottom, but it is not quite there yet. We could easily get there in another day of this kind of action, or we could see the tech sector grind lower for days or weeks. Buying Power Is Waning It is buying power that is being ground down as well. The margin-call situation has received a lot of attention recently. Those that are most strung out on margin don't have many chips left. Those that have been more careful may want to leave the table with whatever chips they have left. The mutual funds are liquidating to meet the anticipated -- or perhaps the actual -- call for cash from redeeming unit-holders. This isn't across-the-board, indiscriminate selling. Unlike last Tuesday, today I see no evidence of panic liquidation, giant give-ups, or bid-wanted situations in stocks with no company-specific news. However, volume is on the low side, the market is somewhat thin, and I do see a little illiquidity hampering institutions as they try to move large blocks. It is in the nature of a general markdown. You can tell because down volume on the Nasdaq has been as much as eight or nine times up volume -- that essentially means everything is going out today. Fallen Leaders The leaders in a sector, such as Cisco (Nasdaq:CSCO - news), go down less than secondary shares such as Ciena (Nasdaq:CIEN - news) or JDS Uniphase (Nasdaq:JDSU - news), but they go down nonetheless. One by one the sub-sectors that have led the Nasdaq's rise have broken. First B2C e-commerce. Then biotechnology. Then B2B. Now infrastructure and even semiconductors, for which the supply/demand balance is entirely favorable, is being hit too. Investors will be developing their buy lists, and I hope they will be looking to buy the better stocks that are down, such as Nortel (NYSE:NT - news) and Intel (Nasdaq:INTC - news), rather than the vapor junk, much of which will never come back, or the stocks that have broken for company-specific reasons, such as Motorola (NYSE:MOT - news). As boring as it is to say, one can wait out the storm in quality blue-chip financials, pharmaceuticals, and industrials with real earnings and cash flows and even the possibility of dividends. The situation is completely different on the NYSE, where most of that stuff is listed and the major indexes are holding up. There, more stocks are up than down and up volume is comfortably ahead of down volume. David H. Smith is managing director of Grayling Management. Grayling manages hedge funds and private accounts, and performs customized research for institutional clients. Smith specializes in Asian and emerging market equities. His column analyzes global economic and corporate events that happened overnight, and tells investors how those events affect their portfolios. Smith has clients with positions in Ciena and Nortel. Go to www.worldlyinvestor.com to see all of our latest stories.