Posted on 06/09/03
Nortel's stock price is filled with optimism
For a company -- not to mention a long-suffering group of shareholders -- that has seen as much disappointment as Nortel Networks, there's no question that news of a $1-billion (U.S.) wireless contract with Verizon comes as a welcome breath of fresh air. Unfortunately for anyone looking at whether to buy the stock or not, the current price already reflects all of that optimism and then some.
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