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

To: RetiredNow who wrote (6475)8/7/2000 5:19:50 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 14638
 
mindmeld, I don't know if you have noticed that Nortel and Cisco have practically identical trailing PEs of about 120. I base this on earnings for last four quarters of .65/share for NT and .55/share for CSCO. The market views these two companies as co-leaders in networking equipment. Good luck with your Cisco tomorrow.



To: RetiredNow who wrote (6475)8/7/2000 5:21:29 PM
From: telecomguy  Read Replies (3) | Respond to of 14638
 
Why wouldn't CSCO move up if there is a leak of good numbers from CSCO?

Besides, the two stocks have been tracking in OPPOSITE direction so I wouldn't put any correlation on NT going up even if CSCO reports great numbers and shoot up in price.


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