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

To: OrionX who wrote (10779)	6/12/2001 12:38:55 PM
From: RDR	Respond to of 14638

I heard the same remarks on others like lucent, entrust to name a few. Look at what is happening at Entrust after the management change..more layoffs. If you look at the way these folks are chopping the jobs/divisions, it appears that they growth and expenditure(read buying other small companies) was unplanned and just hype. Once again don't count Europe out as with Euro down the economy is showing signs of recession and will hurt the near term recovery. I am looking at the likes of Nortel/JDSU and thinking three to five years out they will show some decent growth and earnings number but for the near term it will be a very rough ride for these over priced stocks. All the best.