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

To: Yogesh Shah who wrote (211)	10/21/1997 3:10:00 PM
From: Glenn D. Rudolph	Respond to of 14638

Nortelmeets forecasts, growth seen slowing Reuters Story - October 21, 1997 14:07 %ELC %SP500 %CA %RESF %HOT %CORA NTL.TO V%REUTER P%RTR TORONTO, Oct 21 (Reuters) - Northern Telecom Ltd provided few surprises on Tuesday in posting a healthy third-quarter profit, but analysts said that growth at Canada's largest telecommunications equipment maker may be slowing. Nortel earnings climbed 37 percent to US$153 million or US$0.59 a share in the quarter from year earlier US$112 million or US$0.43 a share, meeting analysts' expectations. "The results today weren't a home run...there were some points of weakness that I think are concerning," said Michael Urlocker, technology analyst at Gordon Capital Corp.