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

To: peggylynn who wrote (7808)	10/27/2000 2:38:41 PM
From: The Phoenix	Read Replies (1) \| Respond to of 14638

How much of that reduction will be coming from traditional legacy gear and what are the carrier projections for next generation gear? THAT is THE question to be asking!!!!!!!!!!!

To: peggylynn who wrote (7808)	10/27/2000 3:57:44 PM
From: gbh	Read Replies (3) \| Respond to of 14638

peggylynn, when companies like WCG and GBLX and LVLT say they are reducing cap-ex, it can only mean one thing. These companies have never been big purchasers of legacy voice-only gear. Also, don't misunderstand me. I'm saying "reducing capex". Not eliminating capex. So growth rates down the food chain may simply slow. Not disappear. Problem is, the stocks are priced for accelerating growth, not decelerating growth. Even NT at its current price, imo. BTW, I am recently long NT, but realistic to the plain fact I may be buying more, lower. -- Gary