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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: augieboo who wrote (69730)	5/21/2002 8:35:00 AM
From: Softechie	Read Replies (1) \| Respond to of 99280

Reverse splits coming... NT Nortel wireless biz showing strength-- UBS (2.59) UBS Warburg says that channel checks suggest NT's wireless biz (40% of sales) is showing better-than-expected strength and could grow by 5%-10% sequentially in Q2, firming up the top and bottom lines; also, NT trading at low end of valuation vs peers, which firm believes already discounts a large part of the potential dilution of up to 17-26% of any equity or convertible offering. Price target is $4.20.