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

To: Bosco who wrote (5337)	4/16/2000 2:47:00 PM
From: t2	Read Replies (2) \| Respond to of 14638

Any ideas on why NT dropped so much last week. I would think the strongest stocks would hold up the best. I realize the PE is high but the growth rate is pretty good and getting better. This company is gaining momentum. Remember that after the earnings release in January, a comment was made that they have already a 1/2 year of order backlogg. That is 1/2 year of business was already done. I would think that after the Lucent blowup, the momentum would have continued to shift in NT's favor. Any comments on the current price as a great buying opportunity or is it better to wait. I admit that this is one of my favorite stocks. IMHO it is ahead of Cisco as a growth stock and has a lower PE. Its growth rate will accelerate while CSCO is a question mark.