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

To: Kenneth E. Phillipps who wrote (5810)	5/15/2000 5:50:00 PM
From: Techplayer	Read Replies (1) \| Respond to of 14638

Ken, Merrill likes NT (and LU). No need to pull quotes from this since I obviously read it. Tp RESEARCH ALERT-Merrill upbeat on Lucent, Nortel NEW YORK, May 15 (Reuters) - Merrill Lynch analyst Michael Ching on Monday reiterated his favorable long-term outlooks on Nortel Networks Corp. <NT.TO> and Lucent Technologies Inc. <LU.N>. -- said in the intermediate term he expects Nortel to grow significantly faster than Lucent. -- said sees both companies and solid performers and core holdings over the long term. -- said Nortel's growth stems from optical, wireless and access. -- said optical contributes well over half of Nortel's 33 percent projected revenue growth. -- said Lucent's growth is fueled evenly by optical, wireless, carrier data and microelectronics. -- said the pricing environment in the central office switch market continues to be an unknown and may put pressure on gross margins for both companies over the next several quarters. Shares of Lucent fell 1/2 to 56-3/16, while Nortel fell 9/16 to 51-1/2. Both stocks trade on the New York Stock Exchange.