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

To: esxtarus who wrote (13978)8/2/2004 1:42:24 PM
From: Daniel Simon  Read Replies (1) | Respond to of 14638
 
Does anybody know anything?
What a goofy and useless post esxtarus.

I think NT is trying to get the stock price down to reprice options or something. First they fire the financial team...then they tell us the numbers from last year (and the year before) are all wrong...then they let us stew for a few months with no additional details. And now they tell us gross margin expectations are out of whack and they are gonna have to lay off workers. NT stop abusing your shareholders!



To: esxtarus who wrote (13978)8/2/2004 2:28:13 PM
From: Qualified Opinion  Respond to of 14638
 
I think Smith Barney has been listening to NT.

NT has a huge installed base and spends $2 billion a year on R & D. NT expects to grow revenue more than the market. However, NT indicated it needs to cut its cost structure to raise its margins to meet its financial goals. The accounting issues maybe resolved soon. I intend to hold NT long term to realize full value.

Rob


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