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

To: Master (Hijacked) who wrote (7294)	10/13/2000 7:51:31 AM
From: D McP.	Respond to of 14638

<hands together, bowing low, silently>

To: Master (Hijacked) who wrote (7294)	10/13/2000 11:43:48 AM
From: couldawoulda	Read Replies (2) \| Respond to of 14638

Nortel Sees Growth of $18 Billion in 2 Years - Nortel Networks expects to rack up $8 billion and $10 billion in growth for 2000 and 2001 respectively. Nortel CEO John Roth told Bridge News in Beijing that he felt his firm's stock was currently undervalued and remained confident that strong growth rates would revive investor interest. "The advice we gave to the market at the end of last quarter hasn't changed - we expect to grow in the order of 40% for this year, a growth of $8 billion," Roth said. He added that the firm expected to grow 30% plus next year, translating into growth of another $10 billion. Roth said Nortel is looking to spin off its optical components business to raise funds for the further acquisition of component companies. He also said Nortel could commit $20 billion to acquisitions that would support its leading position in the industry. Bridge News Service ------------------------------------------------ This is today's news as John Roth is over in Beijing. Sorry, no link.