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


To: Paul Fine who wrote (1163)10/1/1998 8:36:00 PM
From: WiseGuy  Respond to of 14638
 
Scientific-Atlanta Inc. (SFA) 20 3/8 -3/4: supplier of broadband communications systems, satellite-based video, voice and data communications networks is warning that it expects Q1 earnings of between $0.02 a and $0.05 a share, significantly below the First Call mean consensus of $0.22 and year-ago profit of $0.21 a share; expects revenues to come in at $257 mln, well below year-ago $295 mln level; blames weakness in overseas markets for earnings miss; see press release.....
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I'm afraid all the steam has not been let out of the telecom sector just yet.

However, Street will soon realize NT warning wasn't so bad after all. NT has a solid long-term story. Key challenge for NT now is to bring back up employees morale and keep the momentum going.



To: Paul Fine who wrote (1163)10/1/1998 9:27:00 PM
From: Chaz  Respond to of 14638
 
Hey Paul and rest of thread

I send this note out to show people that even someone who, like myself has experienced the greatest lost of his stock investing career, still believes that this stock is a good buy at these levels, and that when everything settles down, it should come back up to the mid-to-high 40's in approximately 6 months.

My story is that through huge margin and lack of proper stop losses, I have so far actually lost $45K and am down another $54K in paper loss. I have been called on margin on three separate occasions. My next call will come around $25. But with the markets losing in excess of 400 DOW points and 125 Nasdaq points in two days, the stock is down only about $1 from its open on Wednesday.

Lets hope this stock starts to base and continues its slow but steady climb back to respectability.

Good Luck to all

Chaz