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

To: SJS who wrote (7062)	9/28/2000 10:37:52 AM
From: The Phoenix	Read Replies (2) \| Respond to of 14638

60 carrier customers.... and we all know how much CSCO's current business relies on these guys. NT will be fine. Sagawa is hearing what he wants to hear because he wants print.

To: SJS who wrote (7062)	9/28/2000 2:17:01 PM
From: SJS	Read Replies (1) \| Respond to of 14638

CSFB thinks the wireless push is a strong part of NT's forward opportunities. This is from a 9/28/00 intraday note....... ______________ Nortel Networks (NT-$59.63-Cap $183B-Strong Buy) Continued Momentum in NT’s Wireless Business FY00E: $0.73, FY01E: $1.00 · Nortel announced wireless contract expansions of $250M at Chunghwa Telecom and $275M at China Unicom (both existing customers); DIGITEL (in the Philippines) also announced it awarded NT a $200M contract for GSM 1800 mobile network, subject to execution of definitive agreement. · Chunghwa is deploying GSM 900/1800 dual-band digital cellular network and Unicom is implementing NT’s GPRS network infrastructure; Majority of revenue under these new contracts anticipated to be recognized in 2000, with remaining portion occurring in 2001; No vendor financing was associated with these contracts. · To support anticipated growth in Asia Pacific wireless market, NT is increasing workforce in that region by 30% by year-end 2001 (1,400 new hires); Reiterate STRONG BUY and $120 price target.