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

To: Kenneth E. Phillipps who wrote (8669)	11/17/2000 1:43:03 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 14638

This is how misinformation works: Top Financial News 11/17 13:19 U.S. Stocks Fall, Led by Phone Shares; Election Rally Fizzles By Josh P. Hamilton New York, Nov. 17 (Bloomberg) -- U.S. stocks fell, led by telephone shares, after BellSouth Corp. said profit next year will grow less than forecast. Broadcom Corp. and other makers of communications equipment and components slid on concern their sales growth will slow because phone companies won't spend as much. ``A slowdown in capital spending by telecom companies, which is on the horizon, will have a ripple effect on the technology companies,'' said Robert Morris, head of stock investments at Lord, Abbett & Co., which manages $33 billion in Jersey City, New Jersey. ---------------- and yesterday BLS stated that will accelerate investment into next gen. networks, will triple deployment of DSL Instead, it will shift its spending toward its new, fast-growing businesses and away from slow-growing, traditional telephone services. cnnfn.cnn.com