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

To: Michael W. Pittenger(Hijacked) who wrote (13843)	5/2/2004 11:20:10 AM
From: Harold S.	Respond to of 14638

Whether they get nailed or not won't have much effect on our stock price at this point. The fact they are no longer running this company is what is important right now. At $3.75 there are a lot of reasons this stock has to go up from here. First, when the uncertainty of restatements is over and the results are restated the stock will move up just from the cloud of uncertainty being removed. Then there are what will surely be rumors and rumors of rumors about other companies potentially making hostile bids for NT. At this stock price, with Nortel's revenues, why wouldn't they?? Watch how fast we go to $6 with ANY reliability to one of these rumors. Finally, there is the simple fact, that even with restatements, this sector looks bright going forward and Nortel will come back, on it's own or part of another company.