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


To: WiseGuy who wrote (7558)10/25/2000 10:14:27 AM
From: Cush  Respond to of 14638
 
I think I just heard them say that someone from UBS Warburg would be on CNBC in about five minutes, commenting on the Nortel numbers. Roth was just on for a one minute sound bite.

Right now.



To: WiseGuy who wrote (7558)10/25/2000 10:16:20 AM
From: Bill  Read Replies (1) | Respond to of 14638
 
Sorry Wiseguy, what I wrote was correct. Here are UBS Warburg's own words.

We are raising our estimates to $0.74 and $1.00 respectively, from $0.73 and $0.96. We maintain a Buy, but are lowering our price target to $60 from $115... Credibility of management, which was dampened given this quarter‘s performance, is likely on the line with such an aggressive target for 4Q. We have lowered our 2000 optical revenue estimate from $11.5B to $10.2B.