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

To: John Paquet who wrote (11057)	7/12/2001 3:50:13 PM
From: Stocker	Read Replies (1) \| Respond to of 14638

John, Always nice to see long-term investors making short term market calls...... Today is a good day. Maybe tomorrow too, to sell into that is. TG, whether right or wrong from time to time, has one heck of a lot more credibility around here.

To: John Paquet who wrote (11057)	7/20/2001 12:01:59 PM
From: telecomguy	Read Replies (1) \| Respond to of 14638

Hey John I was the most bullish NT shareholder you could have run into in the past 5 years. BUT I predicated all my posts last year on the telecom market demand not getting sewered. I specifically said that if the general telco market starts to have capital/liquidity problems, NT would be adversely affected. On top of the demand problem, many other equipment vendors who were in much more desperate situation (LU being the prime problem) were creating all kinds of problems with their cut-throat pricing/vendor financing which ultimately affects NT's ability to extract profit even if NT's products were/are superior to LU's and ALA's portfolio. However, I will be BACK into NT at the first sign of sustained upturn (which will happen as surely as the birds return from their migration). Right now, it's a falling knife and SOME major equipment vendors either have to; 1) go chapter 11 2) or get bought out I haven't seen that happen yet so the downturn is probably not complete. WHEN the equipment sector is FULLY rationalized and restructured & capacity is taken out, THAT will be the time to get back into NT in a big way assuming that they will survive this liquidity/demand crunch. Until then, I have put all my funds into semis for the past 8 months.