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


To: FESHBACH_DISCIPLE who wrote (8518)11/16/2000 1:27:09 PM
From: SoSo  Respond to of 14638
 
Sector continues trading down for the day. According to Briefing.com, it's NT's fault:
13:20 ET Nortel Networks (NT) 35 1/4 -2 1/8 (-5.7%): -- Update -- A number of rumors have impacted stock today. One of them is that Nortel is planning to make workforce reductions. This rumor has been around for some time and, according to CNBC, are being denied by Nortel. Nevertheless, talk is impacting the entire fiber optics space, as well as components suppliers and contract manufacturers.



To: FESHBACH_DISCIPLE who wrote (8518)11/16/2000 1:27:11 PM
From: Kenneth E. Phillipps  Respond to of 14638
 
Price Sales Ratio for this stock now the same as it was at the bottom of October 98 crash. PS ration about 3/1. Trailing PEG is about 1.9