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Strategies & Market Trends : Alamos Gold -- Ignore unavailable to you. Want to Upgrade?

To: Al Collard who wrote (212)	10/29/2001 7:40:14 AM
From: Al Collard	Respond to of 4470

Will be interesting to see if this news helps your short on NT-t Martin. Globe says another Nortel executive bites the dust Mon 29 Oct 2001 In the News The National Post reports in its Saturday, Oct. 27, edition that Nortel Networks' senior vice president William Kerr, the man behind some of the firm's biggest acquisitions, plans to quit Wednesday. The Post's Paul Haavardsrud writes that with Frank Dunn set to take over as chief executive officer from John Roth in the spring, Mr. Kerr's exit could herald the first of many changes to senior and mid-level management in the next few months. Mr. Kerr has not commented on why he is leaving the company. Craig Johnson, vice president of mergers and acquisitions, succeeds Mr. Kerr in running Nortel's global business development department. Nortel, which has spent more than $20-billion (U.S.) in acquisitions since 1999, is unloading units to lower costs and raise cash. Nortel has written off billions in good will associated with those same acquisitions, highlighted by a $12.3-billion (U.S.) writedown in the second quarter of this year. Mr. Kerr is the second executive -- after Jules Meunier, vice-president of carrier data networks -- to leave Nortel since Mr. Dunn's elevation. UBS Warburg analyst Michael Urlocker says Nortel appears to be "in a state of permanent reorganization."