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

To: telecomguy who wrote (9842)	2/16/2001 1:25:13 PM
From: William Hunt	Respond to of 14638

Friday February 16, 12:19 pm Eastern Time Moody's affirms Nortel Networks ratings Results in the first quarter will be flat revenues at $6.3 billion and a small operating loss. The changes have been attributed to a sharp decline in demand from customers in the U.S. as emerging service providers are facing limited access to capital and established providers are curtailing expenditures due to economic uncertainty. While these were clearly negative developments, the confirmation and retention of the stable outlook are supported by Moody's view that Nortel had built up significant flexibility within the current rating category with its strong performance over the past few years, Nortel's continued strong market share and product offerings and the significant efforts being undertaken to reduce costs commensurate with revised revenue expectations. Moody's also believes Nortel vendor financing portfolio, while risky, has not put inordinate strain on the company's balance sheet. While telecom equipment spending is currently under some pressure, Moody's believes that over the next several years capital investment in the service provider industry will remain near the 2000 spending levels. However, spending is likely to be less predictable on a quarter by quarter basis. Moody's will continue to monitor developments closely in the industry, particularly as it pertains to our assumptions regarding Nortel's key strengths. Nortel Networks Limited is incorporated under Canadian law and is headquartered in Brampton, Ontario. BEST WISHES BILL

To: telecomguy who wrote (9842)	2/16/2001 1:27:17 PM
From: Kenneth E. Phillipps	Respond to of 14638

Good to hear from you TG. Lets not allow this board to be highjacked by persons who never owned a single share of NT stock.

To: telecomguy who wrote (9842)	2/16/2001 1:29:19 PM
From: Bosco	Respond to of 14638

Hi tg - hard to say, ALA is more exposed in Europe and Asia. According to Mr Roth & co, these 2 regions, plus LATAM are doing just fine. OTOH, the old stats [from memory] is that NT has 70+% backbone in the US, this will hit whenever discretionary spending is held up. Since the Zurich sub transaction has closed only a day ago, I cannot see how it did not communicate to the folks at JDSU. Hindsight 20/20, maybe that is the $500MM backend deal comes into play. Besides, NT is a major customer of JDSU, it should only be obvious to the insiders. Well, I am still holding 25% of my NT. ADCT, TLAB, NMSS, together with other non networkers, all went out the window this morning. While NT hits us very very hard, don't ignore the PPI this morning. I think the worse [over all, not just NT] is yet to come. I think LTB&H is very dead at this point. It is better to take profit while one can. Small loss is better than big loss. Big loss is better than total wipe out :) best, Bosco