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 Technology Stocks : Nortel Networks (NT)


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To: KYA27 who wrote (10435)3/28/2001 10:57:36 AM
From: Alex ChiltonRead Replies (1) of 14634
 
"anyone think NT waited to warn again and timed it with the AGR spinoff.Maybe they wanted to SCREW lu"

I do, why not? This is no time to hold back bad news; get all the garbage out while the market's going down, reduce numbers so next year's q2q's provide a bigger bounce. NT's microelectronics group will be spun as well, but not giving up NT control, so why not try and hurt LU as much as possible, while reaffirming the NT model (of not spinning to shareholders).

Hey, the good news about the drop is more shares on Friday for the dividend. Probably more this quarter than all of last year.

Alex.
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