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To: Sully- who wrote (82884)	10/10/2000 2:11:04 PM
From: Ruffian	Respond to of 152472

INTERVIEW: Nortel Expects Capacity Boost To Aid Revenues By JASON DEAN Of DOW JONES NEWSWIRES BEIJING -- Nortel Networks Corp. (NT) expects a major increase in its production capacity last quarter to help boost its revenue this year, Chief Executive John Roth said Tuesday. On a visit to China, where sales for foreign telecom equipment makers are booming, Roth said the new production facilities let the Canadian network equipment giant capture business it has had to turn away in the last year because of inadequate output. "This was the quarter of huge capacity increases coming on stream for Nortel," Roth told Dow Jones Newswires. "Certainly we've been very pleased with the level of orders that we've been receiving," which "drives everything else." Roth declined to provide details on Nortel's third-quarter results, to be announced next week. But he stood by an earlier claim that revenue from its red-hot optical networks business might jump well past $10 billion this year, from about $5 billion in 1999. "Whether we can hit ($12 billion) or not I don't know, but it's not impossible," Roth said. "We have to see what orders we have received in the last couple weeks of September and how that firms up in the fourth quarter, but the momentum is strong." - - 10/10/00 13-39G Roth said the trend toward mergers and alliances among telecom service operators - Nortel's main customers - is eroding the ability of equipment makers to dictate price. But he said there is also a silver lining. "Absolutely it gives them more leverage, and as a result they buy in bigger volumes, so they expect better discounts," he said. "But by the same token our selling expense and our services expenses are much reduced." Nortel's stock price has eased considerably in recent weeks from levels over $80 early last month. It shares ended Monday in New York up 1.5% to $63.25. Roth, in Beijing to meet Chinese customers and officials, noted that the number of mobile users in China is now more than twice the population of Canada. China's wireless user numbers jumped to 65 million last month, surpassing Japan as the world's second largest wireless market. Nortel, like its peers, is reaping huge revenue from that growth. It announced a deal late last month to supply China Unicom Ltd. (CHU), the nation's number two carrier, with $250 million in equipment to expand its GSM mobile networks. On competing wireless technology standards in China, Roth said Nortel refused to take sides. He and Asia Pacific President Masood Tariq voiced qualified support for a Chinese-developed technology called TD-SCDMA, which Nortel, along with Siemens AG (G.SIE) and Motorola Inc. (MOT), has founded a group to help promote. But Roth said Nortel won't push that standard in China to the exclusion of WCDMA, which is backed mainly by European firms, or cdma2000, which is supported by Qualcomm Corp. (QCOM), among others. TD-SCDMA is "only one of many options," Roth said. "Nortel is standards agnostic," he added. "Whatever the market wants to do, that's what we'll supply." -By Jason Dean; Dow Jones Newswires; 8610 6532-6652; jason.dean@dowjones.com -0- 10/10/00 13-45G

To: Sully- who wrote (82884)	10/10/2000 2:13:28 PM
From: Climber	Respond to of 152472

Internet game comes to Prague By Thom Calandra, FT MarketWatch.com Last Update: 3:19 AM ET Oct 10, 2000 NewsWatch Latest headlines PRAGUE (FTMW) -- Two weeks after angry protesters peppered Prague with complaints about the dangers of a global economy, several hundred top Internet executives and bankers this week will do their own kind of protesting. Against a backdrop of plunging Internet valuations and downright company blow-ups, like Priceline.com (PCLN: news, msgs), Europe and America's start-up experts will tell us where the faded online craze will end up. We'll hear Qualcomm (QCOM: news, msgs) CEO Irwin Jacobs (hopefully) tell us just what took place this week when he met Chinese Premier Zhu Rongji. Qualcomm of San Diego has yet to convince state-owned mobile phone companies in China to license or use CDMA, Qualcomm's wireless technology...." <snip> quicken.excite.com Climber