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

To: Bosco who wrote (2692)	5/13/1999 12:56:00 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

As announced in January, the company expects savings in the range of US$250-US$300 million per year when the operations strategy is completed within the previously announced period of 18-36 months. The company is on target for achieving results in line with the guidance for 1999, and the actions announced today will have no significant impact on 1999 financial performance from ongoing operations. Have analysts factored this savings of 250-300 million per year into their estimates? Ken