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

To: Kenneth E. Phillipps who wrote (10196)	3/8/2001 11:40:24 AM
From: Bosco	Read Replies (1) \| Respond to of 14638

Hi Ken - thanks for sharing and asking. To begin with, since I ve sold all my NT at a great loss, which used to be more than 1/2 of my portfolio, I may have a -ve bias even if I guard myself from doing so. That said, I think the letter itself is fairly generic. I am sure NT legal dept has poured over it before the release <g>. I find the following excerpt revealing, nonetheless Our decision to revise guidance on February 15 occurred as soon as the effects of this downturn were clear to us. We were among the first to recognize the severity of the downturn occurring in the U.S., our largest market. Since February 15, a growing number of technology companies with heavy dependence on the U.S. market have also revised their forecasts. This is clearly a broad market/economic slowdown that has affected companies in our sector with unprecedented speed. What does "clear to us" mean? Like you said, "actual knowledge" and "reason to know" are what trial lawyers would want to establish. I mean, paper trail or not, people in the US have gone thru too much "plausible denialability" in recent political history that it is reasonable to be suspicious. As I ve pointed out previously, one would think NT would be more vigilant in information flow after its inventory correction problem 2 Qs ago. And the capex issue is not new. Rumor has begun circulating since the Fall of 2000. The question then, what does "clear to us" mean? Maybe NT could get out of the legal entanglement, but one would be hardpressed to realize NT maintained its bullish outlook until it had 100% certainty that some of its contracts were pushed out. I do not think NT was the 1st to report problems. It was not the last either. But again, here lies the semantic trap, "We were among the first to recognize..." In conclusion, this letter doesn't remove any doubt surrounding 1) the bullish call only 5 wks or so earlier; 2) the bond issuance and 3) the Zurich transaction. However, since you are an attorney, you probably know better than I do that perception doesn't win [or lose] this kind of cases. best, Bosco

To: Kenneth E. Phillipps who wrote (10196)	3/8/2001 1:46:18 PM
From: Daniel G. DeBusschere	Read Replies (1) \| Respond to of 14638

Mr. Roth's letter simply ignores the simple facts- (1) When the rest of the sector was crashing and the institutions were bailing out of NT, I was holding my position solely on the comments made by Mr. Roth and NT's consistent and repeated support of their original guidance. (2) When the NT announcement of the guidance change hit the wires, I broke a land speed record getting to my PC and Charles Schwab and dumped my entire position at the market in after market trading. I have never never had to ever do this. But the point is, that the stage was set by Mr. Roth and NT that I could go to the bank on their reiterations of their previous guidance and the change was so dramatic that I reacted as if someone was shooting at me. (3) Mr. Roth buying 35,000 shares at market and the Zurich deal with JDSU seem to imply something other than Mr. Roth tries to convey in his letter. (4) Better keep me off the jury on this. I am undecided whether I will join in the class actions but I am thinking about it.

To: Kenneth E. Phillipps who wrote (10196)	3/8/2001 3:56:57 PM
From: Harry J.	Respond to of 14638

Thread - NT's found an other way to advertise. I friend of mine sent me an article from the NY Times via the NY Times's "send article to ____" option. This was stuck at the top of it. Regards, Harry J. /-------------------- advertisement ----------------------- Nortel Networks building the new, high-performance Internet Nortel Networks is building the new, high-performance Wireless Internet. It combines the speed, capacity and reliability of their Optical Internet solutions, with the anytime, anywhere mobility of wireless. Read more about this new technology. nytimes.com \----------------------------------------------------------/