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

To: bambs who wrote (7477)	10/24/2000 9:35:35 PM
From: Rob S.	Read Replies (1) \| Respond to of 14638

Yes, it might. I Bought for a pop from a short-term over sold condition. If you look at where Lucent went down by a similar one day decline, you see that it bounced around higher before losing more ground. NT is a fat pig in terms of valuation but is much better positioned than Lucent. I think they will continue to gain market share at a rapid pace. But that doesn't change the fact that the stock has been priced to perfection and the analysts who have been recently encouraging investors that "you must have it in your portfolio" are a bunch of mental midgets.

To: bambs who wrote (7477)	10/28/2000 9:36:01 PM
From: Techplayer	Read Replies (1) \| Respond to of 14638

bambs, NT has been acquiring companies at a premium that will grow revenues and profits for the next 4 years. That is why they differentiate proforma numbers. Look at the cash they they generate. Look at the sales growth. It is fine to be a bear. It is not to just be an uninformed wisecrack artist. NT is not LU by any stretch of the imagination. If you truly believe that cap-ex spending is going to dry up next year for the type of equipment being sold by NT and the next generation networkers, you are trying to understand the wrong sector. In regards to your next bull posted to Kenneth, you simply have no clue. the telcos are NOT going to stop spending. they never have in the midsst of buildout cylcles through some tough times between 1971 and the present. They can't afford to stop the cycle mid stream. That is a fact. If anything, the companies that can show excessive growth in top and bottom line numbers will be awarded premiums even moreso if other sectors are taken down. tp