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To: Dealer who wrote (25286)	7/13/2000 4:14:23 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

NT--Forbes.com Nortel Rises On Optical Strengths By Kathleen Cholewka Despite current market conditions, Nortel Networks is a superstar. Its stock has climbed steadily for the past several months, and the company expects to report good results in a few weeks. The impetus? Its stake in selling high-capacity optical networking gear to telecom service providers, a market segment Wall Street can't get enough of. Today, for example, Nortel (NYSE: NT - news) announces that France Telecom (NYSE: FTE - news) has agreed to a trial of Nortel's fiber-optic networking technology in several metropolitan networks. Recent merger and acquisition activity in the news has brought the optical networking industry to the forefront of investors' consciousness. And while Nortel has not announced any major news, the Brampton, Ontario-based telecom equipment vendor has been getting great results. ``It's because of the realization that optical networking is going to be bigger than anyone expected,'' says Ariane Mahler, an analyst at New York-based Dresdner Kleinwort Benson. ``There have been a number of [merger and acquisition] transactions that have gotten a lot of attention.'' Shares in Nortel have risen 67% in three months, from $45.87 on April 14 to $76.68 in midday trading today. Optical networking equipment suppliers have been especially active of late. For example, Alcatel (NYSE: ALA - news) recently bought privately held Innovative Fibers, which makes optical networking components, for $175 million on July 5. And chipmaker JDS Uniphase (Nasdaq: JDSU - news) bought optical networking component maker SDL (Nasdaq: SDLI - news) this week in a high-profile deal initially valued at $41 billion. Nortel is growing its entire business at 35%. But when Nortel reports its financial results in a few weeks, investors will find 35% to 40% of that revenue will be optical-related, according to Ken Leon, global telecommunications analyst at ABN Amro in New York. What's more, in 2001 Leon predicts Nortel will owe 65% of its revenue to sales in optical networking equipment. Nortel has seethed in its No. 2 ranking behind rival Lucent Technologies (NYSE: LU - news) for telecommunications switches, but through first-mover technology breakthroughs and an aggressive ad campaign, it has maintained its top spot in the optical networking gear market. ``Looking at Nortel today versus 12 months ago, they are a very different company,'' Leon says. Go to www.forbes.com to see all of our latest stories.

To: Dealer who wrote (25286)	7/13/2000 5:29:16 PM
From: Ex-INTCfan	Respond to of 35685

Juniper earnings from cnnfn.com NEW YORK (CNNfn) - Juniper Networks, a maker of equipment that routes high volumes of traffic over the Internet, reported fiscal second quarter net income that was double analysts' estimates as its revenue soared. Mountain View, Calif.-based Juniper said after the close Thursday that its second-quarter net income rose to $28.6 million, or 8 cents per share, versus a loss of $2.96 million, or 3 cents per share, in the same period last year. The mean analyst estimate was 4 cents per share, according to earnings tracker First Call. Juniper's (JNPR: Research, Estimates) revenue for the quarter rose 544 percent to $113 million from $17.56 million. Its stock surged 17 points to 169-1/2 in regular trading Thursday before the earnings were released. After the earnings report, it added on 7-1/2 to 177 in after-hours trading.