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

To: Kenneth E. Phillipps who wrote (11727)	9/5/2001 4:15:48 PM
From: Dexter Lives On	Respond to of 14638

Ken, I figure that if your average media type is chuckling at nortel's expense, that must be some sort of contrarian indicator that a bottom is near. It certainly is doing the rounds up in Canada via email; like you, I look forward to the day nortel is no longer the butt of bad jokes and are making serious profits, whether for themselves or as a part of a larger company. Too much at stake here - not personally, but for Canada's long-term economic health. I'm sure some think that is a joke; I can assure you that it is not (nor for Sweden or Finland). I do think it is approaching a point where it could turn around (price-wise), but I suspect a long bottoming process will be needed to work off the dilutive effects of the ongoing financings. Of course the uncertainty over direction and management probably aren't helping matters. Regards, Rob