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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: brian krause who wrote (50259)	6/17/2001 9:12:48 AM
From: bigbuk	Read Replies (1) \| Respond to of 62347

The explosive growth is gone but I figure if a co's got market share it will pull out even if it's volitile as a bunch of hillbillys drikin beer and eatin beans. That is the classic buy the dip therory it seems with most stocks but Brian never ever forget fundies. NT will see lower and hech it may go under 10.00 CAN even 5.00 yet. Add this up and tell me 15 years ago would you in vest in a company that had a PE over 10? OR had no Dividend ? Orcontiuned to have mounting losses 1/4 after 1/4 ? Seems to me that NT is following LU Sub 10.00 CAn likely imo. BB Nortel's Q2 loss near the top of an ignominious list NEW YORK, June 15 (Reuters) - Nortel Networks Corp.'s (NYSE:NT - news)(Toronto:NT.TO - news) warning on Friday of a $19.2 billion second-quarter loss after charges, marks the second biggest quarterly loss in North American corporate history, according to Thomson Financial/First Call. Nortel market cap falls by C$360 bln over year (UPDATE: Adds closing share price, analyst comment paragraph 15) By Rajiv Sekhri TORONTO, June 15 (Reuters) - Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news), once the roaring lion of Toronto stocks, whimpered further backstage on Friday after a new earnings warning brought the erosion in its market value to some C$360 billion ($236 billion) over the past year. NO DIVIDENDS, NEW CREDIT DEAL Facing the prospect that customers might not flood back until the second half of 2002, Nortel also said it was halting dividend payments. It said it had signed an agreement for a $2 billion unsecured credit facility to give it flexibility to ``execute our work plan over the next 18 months.'' IS NORTEL A BUY? Analysts said on Friday that spending on telecoms equipment is not likely to recover until the second half of 2002, with UBS Warburg analyst Nikos Theodosopoulos likening the sector's woes to the cable TV sector in the mid 1990s. ``We view 2001 as the year of bankruptcies and 2002 as the year of major consolidation. The cable-TV sector rationalization took two to three years before working its course. We are about one year into the current telecom sector rationalization,'' wrote