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


To: Bosco who wrote (950)9/29/1998 2:54:00 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 14638
 
Nobody seems to know what was actually said at the meeting. Nothing on Bloomberg Online. Somebody on Yahoo site said 50% heard lower revenues and 50% heard lower earnings. Seems like a lot of confusion.
Where is the press release?



To: Bosco who wrote (950)9/29/1998 2:59:00 PM
From: Mark Oliver  Read Replies (1) | Respond to of 14638
 
So, do we see trading today? Seems like they might as well let the selling commence. I'm actually tempted to buy for a bounce.

By the way, I suppose rate cuts aren't enough to help buyers.

No one commented on the idea that consolidation of customer base for high end telephone sales is going to hurt all the players. It seems like these companies must have to deal with overlap, strategic replanning, etc. Only seems natural that sales would be pushed out at least a quarter to make sure they are still in the game plan of a merging operation.

Regards,

Mark