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

To: Kenneth E. Phillipps who wrote (2265)	3/19/1999 9:30:00 AM
From: Bosco	Read Replies (1) \| Respond to of 14638

G'morning Ken - a more salient point is if others believe in LEH. I actually do not think too much of it. If LEH thinks 25 forward p/e for NT is reasonable, that really forms the floor. In that respect, actually it is a good thing to not to have high expectations. Having said that, lowering the expectation will help only if there is still respect. Otherwise, it may go the way of many value plays who stay in the value heaps for years! Ultimately, I suspect LEH has been very conservative in its outlook in general and not necessarily specific to NT at all best, Bosco