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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (9737)	10/25/2000 12:22:09 PM
From: mtnlady	Respond to of 65232

"John Chamber's is the last runner on the nasdaq relay team. Personally I don't think we could have a better anchor man. He's proven over and over again that he knows how to sell his vision to Mr. Market. Highlight 11/6 on your calendar." Amen to that! CSCO is where they are because of Chambers. Roth is a great businessman but he has 'dropped the ball' a few times during earnings and conference calls. Last quarter NT blew out earnings but there was a lot of confusion about some Canadian tax credits and the analysts were all over Roth for 'over stating' numbers. NT never overstated anything - they in fact had received a large tax credit. But it received bad press. This quarters mistake appears to be telling some analysts a few weeks ago that they were being way too critical of the fiber optic sector and he (Roth) believed NT could 12 billion versus the 10 billion the analysts predicted. It was not an 'official' upping of Nortel's estimates but was treated as such (Roth's mistake was to believe it would be treated as anything else but!). Of course 12 billion instantly became the new 'expected' number. When NT stayed with the conservative 10b number going forward it was not a good thing. Dropped ball #2. NT plays very conservative and decides not to book some AT&T revenue thus coming in 300m lower in revenues than wall street expected. Trying to make sure NT misses nothing next quarter NT, and the market, gets whacked now! I think Roth still has quite a ways to go to learn the ins and outs of wall street and handling analysts. Chambers, on the other hand, is the ultimate expert. AND (!) Chambers will make sure Cisco doesn't miss a heartbeat at earnings. He has seen what happened to NT now. The only positive to this whole situation? Excellent bargains today :) Used some of my SEBL money to pick up some SDLI and NTAP. Only picked up a bit of NT (OTM calls at rock bottom prices!). I think I can wait on NT for a bit. SDLI moves very, very fast. NT will take a bit longer to come back. NTAP is the wild card.