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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (87)	11/20/2000 6:11:30 PM
From: Techplayer	Respond to of 253

t2, We obviously need NT to refute the latest rumors and to determine who will be president at this point. I tried trading JNPR and a couple of others today, but bailed when it looked as if we would not get a bounce. CSCO has been incredibly strong in the high 40's. Let's hope that no matter what happens on the political front that CSCO holds up. Otherwise, things could get really ugly. I am not quite ready to figure out where the QQQ will be except that I HOPE that is 20% higher in January. tp

To: t2 who wrote (87)	11/20/2000 7:10:33 PM
From: Bocor	Read Replies (1) \| Respond to of 253

biz.yahoo.com Monday November 20, 6:51 pm Eastern Time Nortel reaffirms financial guidance for 2000, 2001 NEW YORK, Nov 20 (Reuters) - Communications equipment maker Nortel Networks Corp., whose stock has been hit by fears of lost contracts and layoffs, on Monday reaffirmed its financial guidance through 2001, saying it continues to see strong growth in sales of optical, wireless and Internet equipment. Nortel (NYSE:NT - news) (Toronto:NT.TO - news), which will host an investor conference in Boston on Tuesday, said it expects its 2000 revenues and earnings from operations to show growth in the low 40-percent range. It expects its optical Internet revenues to grow more than 125 percent in 2000 to more than US$10 billion. For the fourth quarter of 2000, Nortel expects its revenues to be US$8.5 billion to US$8.8 billion, with earnings from operations of 26 cents a share. That earnings outlook is consistent with its previous guidance and is in line with Wall Street expectations, according to research firm First Call/Thomson Financial. For the full year 2001, Nortel expects to outpace the overall market growth of 20 percent. It expects its revenues and earnings per share from operations to grow by 30 percent to 35 percent. In the first quarter of 2001, it expects revenues to be US$8.1 billion to US$8.3 billion, and earnings from operations to be 16 cents share. The earnings guidance matches Wall Street forecasts, First Call said.