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

To: SJS who wrote (8456)	11/13/2000 12:45:11 AM
From: Master (Hijacked)	Read Replies (3) \| Respond to of 14638

I fail to understand why you consider Nortel as being overvalued. It is a growth stock with a P/E ratio between 50-60. It has no where near the value of other tech stocks with triple digit P/E ratios, such as, Ciena. It is a dominant player in its industry and still maintains phenomenal growth rate for a company its size. As some have stated, 80% of the internet infrastructure must still be built, thus assuring further growth for the next few years. (I don't believe that that 80% includes China and India). The company has increased its revenues from $15 billion to over $40 billion in 3 years. And indications are that it will continue growing at 40% next year. Again, why do you say NT is overpriced? What I'm I missing here. Cheers Vince

To: SJS who wrote (8456)	11/13/2000 12:46:49 AM
From: OrionX	Read Replies (2) \| Respond to of 14638

From what I'm reading here, most of you definitely don't fit in the buy and hold or value investment category at all but rather more the momentum and daytrading type. Does anyone here really know the definition of longterm? It's definitely more than a mouse click and still more than 12 months. The way the discussions are going here, you'd never think this thread was about a market leader in fiber optics communication. I see too many predictions made by comparing NT with many of the fly-by-night dotcoms which were pumped and sold to the public by the same crooked brokerages/analysts which are now making idiotic conclusions on companies whose growth rates of +50% isn't good enough anymore. I didn't buy into many of the dotcom scams which have recently crashed and burned because I didn't believe and trust the business concept even when it was promoted by some of the biggest investment houses/analysts on the planet. And today, it's these same houses/analysts which are trying to convince us to sell our holdings in some of the most elite stocks of this decade. Yes these people have the power to move the herd of investors one way or another thereby directly affecting the markets overall. As for me, I'll sell my equities when I no longer believe my investment analysis for a particular company to be correct. So, while there may be money to be rescued by selling your shares in a falling market, I still choose to not got off the cliff just because some twerp on wall street says I should. I'll take my chances when armageddon comes.