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

To: Kenneth E. Phillipps who wrote (9919)	2/17/2001 9:52:56 PM
From: bosquedog	Respond to of 14638

It looks like more than 1/3 of NT balance sheet assets are attributed to goodwill. Thus, the book value of NT may not be as relevant as a companies book value that is composed of cash.

To: Kenneth E. Phillipps who wrote (9919)	2/18/2001 2:41:51 PM
From: rrufff	Respond to of 14638

I was long NT, having gotten it from its acquisition of PERI. My basis was about 7. I rode it to the top, with my only good moves being a few months of covered call writing. Fortunately, I got out on the way down around 40 and have traded some cheap options along the way. I was reluctant to get out and figured that there was only a temporary aberration. I have to say that I was totally wrong on Roth. I feel strongly that management of most US companies have taken advantage of the bull market to hide inadequacies and to build up salary, bonuses and packages beyond what is reasonable. That being said, I thought Roth was different and that he had done an incredible job, setting huge goals and constantly achieving beyond them. I also thought his paring of otherwise profitable pieces of NT to concentrate on high growth areas was gutsy and remarkable, both in having these goals and in implementation. His apparent screw-up is all the more painful. Having been out of the stock the past 20 points and seeing the huge hit yesterday, I decided to take another look. I love to bottom fish and thought about adding if it hit 20. I was surprised that it did go there before I had a chance to place an order and now have set a price lower to get in. I find it hard to believe that they could have lost $2 billion in revenue projections in such a short time. The earnings, and the other stuff, although bad, can be blamed (not excused) by accounting issues and other devices used by incompetent management. Anyway, my point in trying to decide whether to get in here is that NT must realize that right now, credibility is critical. I would assume they would be doing something drastic rather than see it become something like LU. My bet - Roth resigns. But there has to be some deeper issues and, whether true or false, and that perception has to be remedied. So call me a "need to be convinced soon" bull. I sure wouldn't short it here like that moron Fesbech Discliples. (Did you known that his middle name is Urine and that legend has it that he is the original FUD?) I have watched him with amusement on several boards. His MO is quite simple. He posts on several boards over and over with totally inane comments bashing the company. His comments are the type that take advantage of fine print in SEC filings. His analysis takes about 5 minutes but this allows him to cover many boards. Then he will disappear for awhile, usually when the position goes against his bashing. He comes over, after a huge hit and has the most inane posts. He lucked out in the greatest bear market (techs) since the depression and constantly bashes and is happy that others, who didn't "listen" to him, have lost fortunes. Can you imagine basing your analyses on the fact that FEDEX was shipping less of NT stuff from a couple of telephone calls? If it's any consolation, the bull market was telling us it was topping when every fool (including myself) was making money hand over fist without proper analysis. Now every fool, like FUD Discliple, is making money shorting with moronic or no analysis. Tells me a bottom is getting here shortly. FUD Disciple is a true BottomShorter. FUD = BS that's his equation. Whether he is a paid basher as some have postulated or simply someone whose inadequacies in the real world lead to bashing and trashing those who have lost money, I leave to others with more training evaluating the psychological fringes. Suffice it to say, my picture of Mr. FUD is standing in front of a mirror, with his favorite skirt lifted, telling himself that he really is the best stock picker in the room, or something else along those same onanistic lines. Good luck.