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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (100996)	4/27/2000 4:24:00 PM
From: If only I'd held	Read Replies (2) \| Respond to of 108040

How much did you pay for that advice? LOL He's been pretty quiet lately....guess he's looking for a loan.

To: KevinMark who wrote (100996)	4/27/2000 4:36:00 PM
From: Mike E.	Read Replies (1) \| Respond to of 108040

Not sure if this is new or not since I don't follow Nortel too closely, but it was new to me when I caught it coming across the news... (COMTEX) B: NORTEL NETWORKS CORP - TSE Bulletin 2000-0531; Nortel Net B: NORTEL NETWORKS CORP - TSE Bulletin 2000-0531; Nortel Networks, Proposed Arrangement Toronto, Ontario, Apr. 27, 2000 (Market News Publishing via COMTEX) -- Shareholders of Nortel Networks Corporation ("Nortel") (Symbol: NT) have approved a Plan of Arrangement (the "Arrangement") which is more fully described in the Notice of Application and Joint Arrangement Circular of Nortel and BCE Inc. If the Arrangement becomes effective prior to the opening on May 1, 2000 as proposed: (i) the common shares of Nortel will be exchanged on a one-for-one basis for the common shares of a new corporation named Nortel Networks Corporation ("New Nortel"); and (ii) New Nortel common shares held as of record at the close of business on May 5, 2000 will be subdivided on a two-for-one basis. In anticipation of the Arrangement becoming effective as proposed, the following changes will be made in the stock list effective at the opening on May 1, 2000: Listing of New Nortel 1. The common shares of New Nortel will be listed and posted for trading in substitution for the common shares of Nortel (which presently trade under the CUSIP 656569 10 0) under the same name, Nortel Networks Corporation, and the same symbol NT but under the new CUSIP 656568 10 2. Common share certificates of Nortel will continue to represent common shares of New Nortel until replaced against transfer. Trading in the common shares of New Nortel on May 1 and 2, 2000 will be on a non-subdivided basis. Commencing at the opening on May 3, 2000, the common shares of New Nortel will be traded on a two-for-one subdivided basis. New Nortel - "When Issued" Market 2. In addition to the non-subdivided market for New Nortel common shares under the symbol NT that is described above, the common shares of New Nortel will commence trading on a "when issued" two-for-one subdivided basis under the trading information set out below. This post-subdivision "when issued" New Nortel common share market will be in place for May 1 and 2 and and will be delisted after the close on May 2, 2000. Thereafter, trading in the two-for-one subdivided common shares of New Nortel will continue exclusively under the stock symbol NT and CUSIP 656568 10 2. New Nortel - When issued Stock Symbol: NT.W; CUSIP: 656568 99 5 Designated Market Maker: D. Unger National Bank Financial Inc. Other Markets: New York Stock Exchange (Symbol: NT WI) Settlement: All trades in NT.W on May 1 and 2 will be for special settlement on May 8, 2000 and will appear on the Settlement Report from CDS. All transactions in NT.W will be binding, as it is anticipated that the Arrangement will already be effective at the time such trades occur. The market in NT.W will be delisted after the close of business on May 2, 2000. Parties who will hold New Nortel common shares pursuant to the Arrangement (or who are entitled to receive New Nortel common shares under a legally binding contract) may sell such securities in the NT.W market without being subject to restrictions on short sales. Parties who do not hold common shares of New Nortel (or who are not entitled to receive such common shares pursuant to the Arrangement or pursuant to a legally binding contract) must comply with the short sale rule in all respects for any sales they make in the NT.W market. Name Change - Preferred Shares 3. The Class A Preferred Shares, Series 5 (Symbol: NT.PR.F) and Class A Preferred Shares, Series 7 (Symbol: NT.PR.G) of Nortel Networks Corporation will be posted for trading under the new name Nortel Networks Limited, the new stock symbols set out below and the CUSIP numbers set out below. This name change will not result in any change to the CUSIP numbers currently used for these securities. Class A Preferred Shares, Series 5 Stock Symbol: NTL.PR.F; CUSIP: 656569 30 8 Designated Market Maker: D. Unger National Bank Financial Inc. Class A Preferred Shares, Series 7 Stock Symbol: NTL.PR.G; CUSIP: 656569 40 7 Designated Market Maker : D. Unger National Bank Financial Inc. -0- TEL: (416) 947-4700 Toronto Stock Exchange TEL: (416) 947-4700 Toronto Stock Exchang FAX: (416) 947-4270 Marketing and Communications ______________________________________ ___________________________________________________________________ (c) Market News Publishing Inc. Tel:(604) 689-1101 All rights reserved. Fax:(604) 689-1106 MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041. * end of story *