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Author: kahunacfa Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 5026  
Subject: Re: Nortel: Still Just Bad Date: 3/16/2006 9:01 AM
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I bought 1,000 shares of Nortel in 2002 at $2 per share on the speculation of a company turn-around that I expected to take place over the next three to five years. While the company has made some progress, my return has been poor at best - so far.

I much prefer the Sycamore Networks(SCMR) that I bought recently for less than Sycamore Networks' $3.46 per share of cash, no debt. The highest price that I paid for Sycamore Networks was $3.35. When I bought both Nortel and Sycamore Networks, my expectation was for a four-bagger in three to five years. For Nortel to meet my price objective when I bought it, the stock would have to reach $8 by 2007. That may still be possible, but it is starting to look unlikely. Sycamore would have to reach $13.40 by 2008 to 2010. Possible, but still off into the future. The Sycamore Networks web-page is http://www.sycamorenet.com. Sycamore Networks develops and sells fiber-optic communication network control software.

Kahuna,CFA
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