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

To: rrufff who wrote (11692)	9/1/2001 4:04:27 PM
From: Andrew	Respond to of 14638

I agree with you on your comments. My take on NT. There are much better investments.

To: rrufff who wrote (11692)	9/1/2001 4:18:18 PM
From: Elroy	Read Replies (1) \| Respond to of 14638

The only positive thoughts I can come up with are that it is less overvalued, and in better financial shape than others, e.g. LU. Why's that? Lu did $6 billion last Q and NY did $4.5 billion. Both are in virtually similar situations. Seems to me based on revenue run rates LU should be worth 33% more than NT. Also, since NT is downsizing themselves to break even on a $5 billion per Q revenue number, and with CapEx spending for 2002 coming down it looks unlikely they'll hit that, methinks they have to due headcount reductions again this Q or next. Elroy