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

To: pat mudge who wrote (7486)	10/24/2000 9:16:33 PM
From: SJS	Respond to of 14638

Thanks Pat. I listened but this is always helpful. OK folks. Again. Read this: _____ Q: Inventory issue was a little bit of a surprise. Going forward how will you monitor that? Enterprise growth? GM expectations? A: We learned that right now we ask our teams in the field to bring in inventory levels. We are now monitoring that so we’re not surprised again. ________________________________________ Repeat after me: WS does NOT like surprises. And WS , you and I were all surprised! The key here is to make sure these guys don't surprise anyone again. They need to get their hands around this and provide guidance, not excuses. Wall Street currently is NOT in a forgiving mood since they are pillaging ANYTHING that touches NT: Broadband chippies, and opticals. We may "wander around in the darkness" for a little while, months, a quarter maybe even two, and then if we do well, we'll pop back up. Frankly, I don't think we get a free "get out jail card" on this one. Many professional folks are going to be hurt, and funds too. But hey! A LT buying op? Sure......why not. Steve

To: pat mudge who wrote (7486)	10/24/2000 9:18:22 PM
From: Condor	Respond to of 14638

Very nice job Pat! Clear and concise. Thank you for the work. C

To: pat mudge who wrote (7486)	10/24/2000 9:32:18 PM
From: James Cherney	Respond to of 14638

Pat, Allow me to add my thanx...jrc...eom

To: pat mudge who wrote (7486)	10/24/2000 9:34:54 PM
From: Cush	Respond to of 14638

Pat, nice summary. Thanks. <eom>

To: pat mudge who wrote (7486)	10/24/2000 9:37:57 PM
From: kha vu	Read Replies (2) \| Respond to of 14638

NT:the a/h selling must be from those who did NOT read carefully the closing remarks. It is re-posted here per PAT excellent work: <<<Extremely pleased with 42% growth. Strong demand. Market is firm. Continue to see that the CapX expenditure on a long-term basis continues to move upward. Restored intervals back to lead-time intervals, so no longer need to hedge. Continue to execute well. Optical, wireless Internet, and optics into Metro markets both in US and Europe and rest of world. Strong outlook for Q4, 40% plus rev growth with earnings to match, an upgrade from last Q. For next year 30 to 35% top and bottom line. >>>

To: pat mudge who wrote (7486)	10/25/2000 12:55:04 AM
From: Ian@SI	Read Replies (2) \| Respond to of 14638

Pat, Outstanding notes. Thanks for the effort. I just finished listening to the call. One item that I found most interesting was in John Roth's answer to the 3rd last Q dealing with Guidance. "We have great confidence in 30-35%. We are giving a very, very considered guidance. Going into this year we said 21%, we blew that away growing 48% [my comment: well in excess of double the initial guidance for 2000]; for this Q we said 30-35%, we will grow by 40%+. We continue to give you numbers that we know we can meet or beat." So it would appear that NT has a habit of lowballing its numbers. All the same 30-35% as initial guidance for 2001 is substantially above the 21% initial guidance for 2000. i.e. (30-9)/21 = a little better than a 40% increase in forecasted growth rate. and (35-21)/21 is a 66% increase in the first forecast of growth rate. Absolutely stunning! For all those eager to buy at the open tomorrow, I doubt that we'll see anything like the Instinet / Island prices, though it would be nice. NT is traded on the TSE and the NYSE. I believe afterhours trades on the TSE are permitted only at the closing price - probably lots of willing sellers but not too many buyers; whereas NT was halted for news on the NYSE. I never did see it open, nor did I see any afterhours trades on either exchange. With limited liquidity, a momentum player with a substantial holding who wants out before hearing the story can drive the price down significantly. My guess is there won't be many trades tomorrow morning below 50; and it won't trade below mid 50s after the NY open. So presuming that it takes a long time to open in NY, the best price may be available on the TSE at the stroke of 9:30. BWDIK, Ian.