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

To: Robert who wrote (9895)	2/17/2001 12:34:30 PM
From: Scripts	Respond to of 14638

What do we see for Monday on the TSE?

To: Robert who wrote (9895)	2/17/2001 1:21:14 PM
From: LABMAN	Read Replies (2) \| Respond to of 14638

FEB 12 Video Webcast with John Roth...... a real eyeopener nortelnetworks.com lm

To: Robert who wrote (9895)	2/18/2001 2:49:30 PM
From: Rob S.	Respond to of 14638

"Regression to the mean". . . sums up the collapse of the pig darlings. Did investors really think pigs could fly? This, and other darlings could not sustain huge growth rates and even more ridiculous valuations perpetually. Neither the telcos nor the "new economy" Internet companies were making the kind of money that could justify continued expansion of the telecom infrastructure at such an rapid pace. When investors saw telcos reporting treacherous competition and greatly reduced earnings, Internut companies falling like flies, and ISPs, CLECS and DSL companies devastated, wasn't this a warning that the nose bleed level equipment manufacturers would fall as well? Something eventually had to give. Unfortunately, I don't think the worst is entirely over. This sector is still too highly priced. Collapsing demand, "Destructive creation" and increased competition will continue to plague the industry for at least another two quarters. The loose equipment financing and bogus business plans will lead to huge write-offs, huge surpluses of equipment, and declining sales and profits. This sector will be among the last to pull out of the economic slump.