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

To: Kenneth E. Phillipps who wrote (8944)	11/29/2000 5:40:31 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 14638

Brocade , Fiber optic switch maker posts record profit, announces 2-for-1 stock split. November 29, 2000: 5:09 p.m. ET NEW YORK (CNNfn) - Brocade Communications Systems Inc. reported record fiscal fourth-quarter earnings and revenue that beat analysts' expectations, and announced a two-for-one stock split and strong revenue forecast for next year. But nervous investors initially sent the shares of the stock down in after-hours trading before a bullish revenue forecast from the company turned around a two-day slide for its stock. Shares of Brocade (BRCD: Research, Estimates) fell as much as $9.13 from Wednesday's close to $144.63 in initial after-hours trading, after losing $7.25 to $153.75 in regular-hours activity ahead of the report. But the stock started climbing again when a company officials told analysts that revenue projections would be much better than hoped. Immediately after the statement the stock climbed to $148 in after-hours trading. The stock had fallen almost 15 percent Tuesday on concerns about the earnings report. The San Jose, Calif.-based company, which makes the fiber optic switches that link computer storage networks, reported net earnings of $27.2 million, or 22 cents a diluted share, for the period ending Oct. 28. Analysts surveyed by earnings tracker First Call were looking for earnings of 20 cents a share in the period. The company earned $3.5 million, or 3 cents a share, in the year-earlier period. The company posted revenue of $132.1 million, up from $30.1 million in the year-earlier period, and $92.1 million in the third quarter this year. Analysts were looking for revenue of $118.9 million in the most current period according to First Call. A company official told analysts it now expects fiscal 2001 revenue would be about $830 million, or about 150 percent greater than it reported for the past 12 months. That's up from the 115 percent growth rate it had projected three months ago. But since the company's statement did not give any guidance on 2001 earnings and revenue some investors may have panicked immediately upon its release.

To: Kenneth E. Phillipps who wrote (8944)	12/1/2000 6:47:12 AM
From: Dave	Respond to of 14638

Kenneth, Once the bears go back into hibernations, MSDW will be buying at any cost. Analysts are like a pendulum, they are always at both ends of the spectrum. Forecasting oustanding growth for a company, therefore predicting huge premiums... Remember Qualcomm's 1000 price target? Now, all companies are getting beaten up. Now, when has a tech stock traded at it's earnings growth. reemmber, the analysts said that a tech stock should trade at its earnings growth times next years estimated earnings... What a crock... dave

To: Kenneth E. Phillipps who wrote (8944)	12/2/2000 7:00:04 PM
From: bambs	Read Replies (3) \| Respond to of 14638

Nortel has no actual earnings When will they have actual earnings? When will this company have a p/e? Will it ever pay a dividend? Why should someone by a stock with no actual earnings? How and when will shareholders get any real value for holding NT stock? I'm I supposed to buy and NT and hope that someone will pay me more for my stock at a later date? Will investors fear owning stocks with no actual earnings in the coming months and years? Why did John Roth seem so angry on CNBC the other day? Why is the NT chart looking so ugly these days? Does anyone here look at the 5 year chart? Seems this stock really took off after John Roth came in and started buying companies to grow revenue. Seems the stock took off just after it went from being a company with actual predictable earnings to a company that growths through over valued aquisitions and started reporting a massive actual net loss. Seems like the public has rewarded this company for growing at any price and shareholders don't seem to care that the company has no actual earnings for them to share in. Seems odd. Bambs