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

To: Kenneth E. Phillipps who wrote (9847)	2/16/2001 1:53:25 PM
From: Bosco	Respond to of 14638

Hi Ken & all - at least the 2 major debt rating services are unmoved by the turn of events biz.yahoo.com Friday February 16, 1:45 pm Eastern Time S&P comments on Nortel Networks (UPDATE: Press release provided by Standard & Poor's) NEW YORK, Feb 16 - Currency Corporate Credit Rating: A/Stable/-- Foreign Currency Corporate Credit Rating: A/Stable/A-1 Standard & Poor's today said that Nortel Networks Ltd.'s announcement of new guidelines for its financial performance for fiscal 2001 does not affect the ratings or the stable outlook on the company. Nortel now expects that the slowdown in the U.S. economy will be more severe than expected, resulting in slower overall market growth and demand for their products. The company will be intensifying its initiatives in optimizing profitability and streamlining of operations that are considered noncore. Despite the reduction in demand, Nortel retains its strong market position as a leading internet solutions provider, particularly in the optical network and access business, combined with an increased geographic and product diversification and a strong financial position. best, Bosco

To: Kenneth E. Phillipps who wrote (9847)	2/16/2001 1:55:28 PM
From: William Hunt	Read Replies (1) \| Respond to of 14638

Kenneth--I think the analysts ( and us )are trying to find out why you would announce a 25% shortfall in revenue . It seems that no one wants to believed that demand for NT products have dropped dramatically . I also own TXN and the same issue pop up in December ---not supply but demand for semiconductors dropped off rather fast . I can believed that Ciena has leapfrog NT on a temporary basis in the optical area in their niche ( to be expected ) . The real answer to that is that NT has a plan to respond and it is under way ( 40GB and 80GB ) optical equipment . The real depressing issue is that Greenspan does not get it . He said before Congress that their was a recession only in 15% of the economy ---the other 85% was fine ( Mainly service ---low pay jobs ) . If you look at NT they sell to Telecom providers who in turn sell their services to to the whole economy ( not just one sector ) . If they are not seeing the demand and not making money since they are normaly perceived as a productivity increase service then the economy is headed south . I really cannot understand how the FED cannot see this BEST WISHES BILL LONG NT