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

To: Jeng Chiu who wrote (1101)9/30/1998 12:27:00 PM
From: George A. Roberts  Read Replies (2) | Respond to of 14638
 
If I were a new investor in telcom I would not use NT's low pe as a key to buy it. Three or so years back I used pe and psr to buy Bay net instead of the Cisco,,,,and it was a huge mistake. I think Lucent or Cisco would be a much better buy short term, intermediate term, long term ,,,any term than NT. NT is not the leader and is a Canadian company so currency differences must also be factored into the equation .
George



To: Jeng Chiu who wrote (1101)9/30/1998 12:48:00 PM
From: THOMAS GOODRICH  Respond to of 14638
 
You're correct. For what it's worth I believe NT's a steal! I had to liquidate most of my Bay Networks holding prior to the conversion. I'd be adding here at $30/share if I could long-term. NT is a stock that could easily triple in 12-18 months once we get over the recession in technology issues.

TG


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