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

To: Jack Colton who wrote (1696)	1/17/1999 9:20:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

From Page B2 of IBD for Friday, January 15, 1998 "Analysts at Morgan Stanley Dean Witter believe Cisco will increase its market share in enterprise networking this year. Earnings for the fiscal year ending July 31 should rise 25% to 41.46 a share from $1.17 a year ago, according to First Call." Hmmmm "Top fund were big buyers of Lucent Technologies. They spent $1.8 billion buying the stock recently. The stock doubled since October.... Lucent's earnings growth appears to be decelerating. The past three quarters net grew 180%, 88% and 46%. For the fiscal fourth quarter, net should only be up 16%. However, a pickup in growth should take place in the first quarter; analysts see net rising 57%" On the same page, there is a chart showing 130 buys on top rated mutual funds. Cisco with 3.8 billion; Lucent with 1.78 billion; TLab with 773 million; ADCT with 44 million. NT was not on the list. I suspect that much Fridays runup in price was due to mutual fund buying. On Friday, NT did better than Cisco, Lucent, TLab and ADCT. Ken