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

To: larry pollock who wrote (10401)	3/26/2001 11:48:56 AM
From: larry pollock	Read Replies (2) \| Respond to of 14638

Lehman Brothers Morning Meeting Flash for 3/26/01 03/26/01 05:51 AM Source: Lehman Brothers Lehman Brothers rates Nortel Networks with a Buy rating, but lowers their EPS and target price for the company. The brokerage firm also initiates coverage of CNET Networks with a Buy rating and a $13 price target. Read all about it in today's CNET Investor featured broker story. Morning Meeting Flash: Visit the CNET Brokerage Center for daily reports from the top Wall Street analysts. Nortel Networks(NT) 2 - Buy Estimates and Target Lowered (A) Price: $17.40 This morning, we are lowering our ests & target to reflect increasingly challenging conditions across several of NT’s end markets. Following Feb 15th resetting of guidance, checks suggest demand may remain challenging thru 1H01 with only modest upick in late 2H01 & CY02 Our CY01 sales & EPS ests move from $34.5B (+14%) & $0.76 to $30.7B (+1%) & $0.47 vs 15% official sales guidance. CY02 sales & EPS ests move from $41.9B (+21%) & $1.05 to $34.3B (+12%) & $0.74. 12 month price target moves to $20-21, or 25-30x our CY02 EPS est but would be more aggressive buyers in $13-14 range or 25x CY0