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

To: Suma who wrote (2095)3/3/1999 11:30:00 AM
From: csm  Read Replies (1) | Respond to of 14638
 
Suma,

CSCO, LU and ASND are down between 17 and 19% from their recent highs. NT, including today's drop (so far) is only down 13% from its recent high of $63 or so. You might reasonably expect NT to drop another 5% of $63, or $3 to come into line with the others. Soooo, actually it has been doing quite well!

Stuart.



To: Suma who wrote (2095)3/3/1999 12:05:00 PM
From: Kent Rattey  Read Replies (2) | Respond to of 14638
 
I don't believe the stock is merely moving in sympathy with Lu and CSCO. I believe if you read COMS's comments after the bell yesterday, you may find the reason for weakness. They specifically pointed to slowdown in Latin America for their shortfall. I haven't checked CSCO today, but LU has been up all morning.
Kent


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