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

To: Paul Lee who wrote (5290)	4/13/2000 8:54:00 AM
From: SJS	Read Replies (1) \| Respond to of 14638

CSFB reviews new contract with Verizon ______________________________________ Nortel Networks (NT-$114 ¬-Cap $152B-Strong Buy) Announces $500M Contract with Bell Atlantic/Vodafone ú NT to provide end-to-end solution to Verizon Wireless (formed by combination of US wireless businesses of Bell Atlantic and Vodafone Airtouch) including CDMA infrastructure, optical transport and ATM switching; Verizon also plans to begin a second trial NT?s 3G technology in August. ú Contract is part of Verizon?s planned more than $3B investment in 2000 to expand its footprint and increase capacity for wireless voice and data services. ú View win as strategic for NT given Lucent?s position as primary vendor to Bell Atlantic Mobile (NT has existing relationship with Airtouch). ú We believe shipments will begin in the current quarter (Q2:00) and will be front-end loaded over the two-year contract period; Reiterate Strong Buy rating.