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

To: llwk7051@aol.com who wrote (221)	10/22/1997 1:39:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 14638

RESEARCH ALERT - Northern Telecom cut Reuters Story - October 22, 1997 10:07 %ELC %SP500 %CA % %RCH %HOT %US NT NTL.TO V%REUTER P%RTR NEW YORK, Oct 22 (Reuters) - J.P. Morgan Securities said analyst Gregory Geiling downgraded Northern Telecom Ltd to long-term buy from buy. -- said in report "we believe the earnings growth for the company will moderate over the near term." -- has 18-month $115 target on the stock, which was off 2-7/8 to 97-7/8 in U.S. trading.

To: llwk7051@aol.com who wrote (221)	10/22/1997 8:30:00 PM
From: Winston A. Chin	Read Replies (2) \| Respond to of 14638

A growing number of analysts are downgrading NT. Although earnings for the 3rdQ was up 37% the enterprise data area was down 1%. This was looked on as a deficiency which will hurt future earnings growth and with the high PE ratio it was bailout time or time to accumulate cheaper shares as the problem has been admitted to by management. Only time will tell if the measures being put into place will make NT great in all areas of communications. WAC.