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

To: Paul Fine who wrote (2278)	3/22/1999 12:19:00 PM
From: Stocker	Respond to of 14638

Could be viewed as positive also (from a contrarian perspective). The shorts have already sold NT, now there are fewer sellers to put pressure on the price. Should NT do a large deal, we could be set for a nice short squeeze. Shorts moving in is to be expected too, given that NT has more than doubled from it's lows.

To: Paul Fine who wrote (2278)	3/22/1999 12:34:00 PM
From: Bosco	Respond to of 14638

G'day all - Paul, I was reading some of my Mutual Fund annual reports [they certainly have no urgency to tell me what they are doing with my money <sg>,] a couple has a short position on NT. I know these funds, they are value investing and they have seldom touched high techs one way or another [long or short.] Puzzled, I went thru the portfolio again - and I realized something. NT was not a bet but an hedge! They have held a long position in BCE, so they shorted NT. I don't know if it is a yearend tactic though best, Bosco

To: Paul Fine who wrote (2278)	3/22/1999 12:57:00 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 14638

Thank you Paul for that information - I can only comment that Business Week had an article which said that a survey of IT managers showed an increase of 1% for business enterprises and about 14% for telecom providers. This kind of trend would seem to hit Cisco harder than Lucent and Nortel although both sell a lot of PBX equipment to the enterprise sector. Ken

To: Paul Fine who wrote (2278)	3/23/1999 7:32:00 AM
From: Bosco	Read Replies (1) \| Respond to of 14638

Hello Paul and all - I was checking some webtool and saw Interwoven in Red Herring Online. In it, redherring.com it mentioned that NT was doing $4.5B sales over the net [see below quote] Nortel, whose sales over the Internet totaled about $4.5 billion last year, uses TeamSite to ensure consistent cross-product information. If memory serves, CSCO has been doing quite a lot of biz on the net, then, Mr House has also started pumping net sale before the merger. best, Bosco