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To: Sector Investor who wrote (22528)	7/27/2000 8:15:07 PM
From: cmg	Read Replies (2) \| Respond to of 42804

Nortel Considering $10 Billion Buy? By Kathleen Cholewka NEW YORK. 6:55 PM EDT-Nortel Networks is angling to make a $10 billion acquisition next week, a source close to Nortel told Forbes.com. The likely target is privately-held startup Corvis Corporation, which filed for its IPO as CORV on July 25, according to the source. Purchasing the Columbia, Md.-based vendor would make sense for Nortel (nyse: NT) because of Corvis’s optical networking systems--the switches, amplifiers and other transmission equipment that make up the infrastructure of new public communications networks. Corvis boasts its products allow network providers to transmit the highest capacity data for the longest distance. It’s no wonder Corvis could garner such a price. The optical networking market is going ballistic--some analysts have predicted the optical networking market could reach $170 billion next year. Corvis would also be valuable to Nortel for contracts to test its products with national network providers like Williams Communications (nyse: WCG), Qwest (nasdaq: QWST), and Broadwing (nyse: BRW). Corvis founder David Huber has raised $300 million in venture capital so far. In addition, Corvis has investments from networking giant Cisco Systems (nasdaq: CSCO). Another possible target for Nortel to buy is startup Juniper Networks (nasdaq: JNPR). Purchasing Juniper would make sense because of Juniper’s high-speed networking routers. Juniper, which has been consistently first to market with its hardware and software, has close ties to Cisco in collaborating in testing their routers for interoperability. Juniper, which reported $251 million in annual sales, counts Cable and Wireless and UUNET as its customers. Nortel declined comment on the report. top

To: Sector Investor who wrote (22528)	7/27/2000 9:19:58 PM
From: Madharry	Read Replies (2) \| Respond to of 42804

It occurs to me I was doing some of that only a few months ago watching it drop from 190 to 150 to 130 to 110 to 90 to 70 to 50 to 42 I think it was. I was telling myself this evening that we are being paid to accept this volatility, but gosh I like it better when it goes straight up. Perhaps I need to stop watching it now. They have finally announced what I have been waiting for it seems like a year to hear. Somehow I think the stock should have gone up by 25% rather than down by 25%. Now probably is the time to put it into a drawer at least until 3 ipos come out. really wonderful news that they plan to spin out these ipos where possible to shareholders. Interesting to me most of all was the fact that they apparantly said little about Zaffire- I wonder if it will be sold privately to juniper in exchange for a nice chunk of juniper stock.