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

To: WiseGuy who wrote (1039)	9/30/1998 1:06:00 AM
From: lib	Read Replies (1) \| Respond to of 14638

What happened today? My take is that a few eager analysts left the meeting way too soon and went out and reported drops in earnings for this year and next. At the time the stock was halted, the only news that greenline gave to me was that 1999 earnings were downgraded. Well that news was false, another bit of news came out on a financial radio station in Canada that earnings were to be effected by economic problems in Brazil. A lot of confusion out there, and I blame it on the eager analysts reporting incredulous statements. Passing blame onto to management is ridiculous, however, I would have locked the doors until the meeting ended. Now a long, long term holder. I had previously thought that a possible earnings warning was already counted in the share price, and a earnings warning wasn't even issued today. Really strange goings on. Analysts are becoming like the paparazzi (spelling?) of the financial world.

To: WiseGuy who wrote (1039)	9/30/1998 1:17:00 AM
From: Li-Fan Chen	Respond to of 14638

Latest NORTEL NETWORKS STATEMENT-- ================================================================= I found the below from the Carlson On-Line Services site <<http://www.fin-info.com/query_results.phtml?search_input=NTL&search_type=specific>> =================================================================== news article-- <<http://www.newswire.ca//releases/September1998/29/c7198.html >> ================================================================= Attention Business Editors: NORTEL NETWORKS STATEMENT NEW YORK, Sept. 29 /CNW/ - Today at an analyst meeting in New York Nortel Networks discussed its growth strategies. Nortel Networks also talked about its view of financial performance for the third quarter and total year 1998. Nortel Networks confirmed that it expects earnings per share for the third quarter and total year 1998 will be in line with consensus. The revenue growth Nortel Networks expects in the third quarter will be in the low double digits. %SEDAR: 00000596E -30- For further information: Peter Janecek, Nortel Networks - Media Relations, (905) 863-6251, peter.janecek@nortel.com; Bob Kaye, Nortel Networks - Investor Relations, (905) 863-6044, bob.kaye@nortel.com; Or visit Nortel Networks' web-site at www.nortelnetworks.com