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

To: Bosco who wrote (2266)	3/19/1999 10:01:00 AM
From: Paul Fine	Read Replies (2) \| Respond to of 14638

Two points: First, Mea Culpa- I made a mistake in my last post re Lehman report on NT. I mistakenly looked at the legend for disclosures and missed the little asterisks that were relevant to NT. While Lehman has done work with NT in the past 3 years, they do not sit on the NT Board, nor does the analyst own NT stock. Secondly, what I deemed most important about this report was not the p/e ratio Lehman assigned to NT, but rather the quotes from NT management confirming the weakness in PBX and Enterprise segments this qtr. Coming in below plan on areas doing 1/3 of your revs will definitely limit your overall upside potential. It says we will make the numbers, but not blow by them. To me, that means while the stock may move upwards, it will not "shoot" upwards. Even as we speak, NT is backing off the gap open today. Paul