Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Entrust Technologies Inc (ENTU) -- Ignore unavailable to you. Want to Upgrade?

To: Happy Harry who wrote (765)	11/7/2000 8:53:25 AM
From: Bill McEachern	Read Replies (1) \| Respond to of 1205

Nortel has been selling on a regular schedule. They probably would have sold more and sooner if the stock was up more. 1.5 million shares is about 10% of the 13.1M share float that Yahoo reports at biz.yahoo.com. There are 62.5M shares outstanding. This is a much lower percentage than the last time Nortel sold a block. It should not have a big effect ... they usually sell these as blocks to institutions rather than dumping the shares on the street. It should help liquidity a bit. Nortel has to sell sometime... Bill