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


To: Kenneth E. Phillipps who wrote (9981)2/20/2001 9:16:44 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
2/19/01 - NORTEL NETWORKS: Nortel Networks extends long haul
DWDM market lead in North America, RHK says Nearly doubles
market share, strengthening leadership position in optical Internet

Feb 19, 2001 (M2 PRESSWIRE via COMTEX) -- Nortel Networks has substantially
increased its lead in the North American long haul DWDM market with a 61.4
percent share as of year-end 2000, nearly double its 37.1 percent share one
year earlier.

These estimates are from a new optical market study recently released by RHK,
a leading telecommunications research firm.

The study also ranks Nortel Networks #1 in the North American metropolitan
DWDM and SONET market, and is consistent with similar reports recently
published by IDC and the Dell'Oro Group. "Nortel Networks continues to take
market share, outpace competitors and exceed industry growth in the strategic
optical networking market," said Greg Mumford, president, Optical Internet,
Nortel Networks. "No other company is as well positioned as Nortel Networks in
today's market. Our all-photonic, IP (Internet Protocol)-based strategy
represents the future - a new, high-performance Internet significantly more
powerful than that we know today."

Optical technology is enabling explosive advancements in communications,
creating opportunities on an unprecedented scale for vendors, Wall Street and
private investors alike, according to RHK. Although the RHK report covers only
North America, Nortel Networks is also showing significant momentum in Asia and
Europe, applying its optical networking expertise to a broadening global market.
Last week, China Telecom awarded Nortel Networks the largest single optical
contract ever in China.

Web Releases are intended to provide customers, shareholders and employees
with additional information, background and context on events and trends at
Nortel Networks and the market as a whole. Breaking news and announcements
will be communicated through news releases distributed via Business Wire.

*Nortel Networks, the Nortel Networks logo and the Globemark, are trademarks
of Nortel Networks.

CONTACT: Ann Fuller Tel: +1 613 768 1208 e-mail: afuller@nortelnetworks.com

M2 Communications Ltd disclaims all liability for information provided within M2
PressWIRE. Data supplied by named party/parties. Further information on M2
PressWIRE can be obtained at presswire.net on the world wide web.
Inquiries to info@m2.com.

(C)1994-2001 M2 COMMUNICATIONS LTD

-0-

tscn.com



To: Kenneth E. Phillipps who wrote (9981)2/20/2001 9:47:08 AM
From: OrionX  Read Replies (1) | Respond to of 14638
 
Kenneth,

Are SDLI shareholders going to sue JDSU now that their stock is 1/2 what it was when the buyout deal was made?

It would appear lawyers are the only ones making money on Wall Street.



To: Kenneth E. Phillipps who wrote (9981)2/20/2001 10:19:28 AM
From: Master (Hijacked)  Read Replies (2) | Respond to of 14638
 
"Yesterday, Mr. Roth said a routine meeting with sales managers last week forced the company to alter its financial forecasts."

Somehow this doesn't sound right. Suppose I were a salesman for a large corporation and I suddenly notice that halfway into the quarter that my numbers are off by $1 billion dollars. Do I wait for the next ROUTINE meeting with my supervisors to advise them of the shortfall or do I get on the phone and dial every extension at the company to find out what the f%#& is going on?

Like I said, somehow that statement just doesn't sound right.

Vince