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

To: Northern Cougar who wrote (9312)	1/18/2001 4:43:29 PM
From: Northern Cougar	Respond to of 14638

HEY SAGAWA! Choke on this : "We are extremely pleased with our fourth quarter results, especially the strong growth in Optical Internet, Wireless Internet, and Core IP Networking. Overall, the fourth quarter capped a year of exceptional growth, which was in line with our expectations. We saw our High Performance Internet solutions portfolio, one of the strongest and broadest in the industry, drive the many achievements and gains made across all geographic areas," said John Roth, president and chief executive officer, Nortel Networks. "Looking back over 2000, our highlights and achievements included: -- Overall, revenues for our Optical Internet solutions topped US$10 billion for the year, more than doubling 1999 revenues. -- We extended our No. 1 global market share position in long haul optical networking, according to leading industry analysts. AND THIS: Looking forward, Mr. Roth said: ``We see continuing strong market demand in our target industry segments. Even with the current economic uncertainty, Nortel Networks, with our global reach and industry leading portfolio, is ideally positioned to continue to outpace the market and gain profitable market share. Our focus on high-growth markets will be balanced with optimizing profitability and driving efficiencies in our business.'' we are projecting growth in revenues and earnings per share from operations(b) in 2001 over 2000 of 30 percent. For the first quarter of 2001, we expect revenues of US$8.1 billion and earnings per share from operations(b) of US$0.16 on a diluted basis. Our views for the quarter and the year are within the ranges we previously communicated. We will continue to focus on optimizing profitability and driving efficiencies in our business in 2001 by eliminating redundancies, managing technology transitions, and streamlining operations and activities that are not aligned with our core markets and strategies.'' NOW lets hope that somebody within the Analyst fraternity can put this guy Sagawa in his place once and for all. N.C.