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

To: Paul Shread who wrote (705)9/14/1998 12:26:00 PM
From: Doug  Read Replies (1) | Respond to of 14638
 
Paul: Looks like the next 2 Q's are going to be negative because of
write downs in the process of pooling. Normally writedowns to generate effeciency are considered +ve. In this case, the market is not willing to re-evaluate its P/E.

This is week 2 of the selling. I am not sure where we are in this selling cycle and am now concerned more about the downside risk than the upside potential.


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