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

To: SJS who wrote (7682)	10/25/2000 11:18:17 PM
From: Dave Gore	Read Replies (2) \| Respond to of 14638

But SJS, Management actually guided earnings higher going forward. It is the analysts and the market who decide what proper valuation is, not the management. Management said that the main reason growth was not quite as strong is because they could not get enough installers to keep up. Considering they are guiding earnings up, I can't see why there was so much negative reaction other than the market let valuation get too high. Conversely, MSFT went up 17-18 points overnight last week, not because MSFT execution was so wonderful last quarter (it wasn't). It was because the market thought MSFT valuation was too low and the earnings report was "good enough".

To: SJS who wrote (7682)	10/25/2000 11:18:37 PM
From: Ellen	Read Replies (1) \| Respond to of 14638

Analysts don't guide management, management should know the business well enough to guide them! I have a brother who is Treasurer of a large, national corporation. In that position, also responsible for investor relations, he speaks to these so-called analysts. He is appalled at how they do *not* understand or get correct or even repeat correctly what they are informed of. My point is that management can provide this guidance you speak of. They cannot be responsible for how poorly (in some cases) the analyst(s) handles the responsibility of disseminating said information.