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

To: Paul Shread who wrote (1090)	9/30/1998 11:16:00 AM
From: George A. Roberts	Read Replies (2) \| Respond to of 14638

NEW YORK, Sept 30 (Reuters) - Warburn Dillon Read LLC on Wednesday said it cut its rating on Northern Telecom Ltd. <NTL.TO> <NT.N> to hold from buy. In a research note, analyst Nikos Theodosopoulos said: he cut his view on the telecom equipment company becasue the company is losing market share in the PBX and wireless markets as well as suffering from a generally slowing industry growth rate. "The company also continues to feel the pinch of slowing spending relative to the MCI WorldCom (Inc.<WCOM.O>) merger." he cut his 1998 and 1999 earnings per share estimates to $1.80 and $2.00, respectively, from $1.82 and $2.45. estimated revenue, including recently acquired Bay Networks, for 1998 would hit $17.6 billion, and 1999 revenues would reach $21.8 billion, off from previous projections of $18.1 billion and $22.8 billion, respectively. he beleives additional downside revenue risks exist if current trends persist. he does not believe that stock will trade above the range of $30 to $34 a share, unless fundamentals change. 10:39 09-30-98

To: Paul Shread who wrote (1090)	9/30/1998 11:25:00 AM
From: George A. Roberts	Read Replies (2) \| Respond to of 14638

I know I shouldnt use margin but it is the only way for me to play the market . I have a dow dogs strategy that is non margined and I use margin for these crazy tech stocks,,,i am getting killed on them. I need to excersise much better judgement I know I left money on the table three or four times in my Bay becase I became greedy and a believer in the story,,,I am now 14 points away from even and will surely get a margin call. All in all my experience with Bay had taught me lessons but I am in a very ill mood. All I can do is wait for the margin call and then sell enough NT to cover the call. It is my lot in life as I do not have any cash on hand to cover ,,,just margined stock positions...I know i am crazy but its my lot in life ... George