Frank Dunn Quotations

We're willing to discuss the possibilities of a joint effort when the city is ready to discuss it.

We continue to see reductions in near term spending plans by service providers especially in the United States,

This matter is unfortunate but the actions we have taken are in the best interests of Nortel Networks,

The company does not have an immediate need for these funds, ... However, by taking this action we have taken advantage of the favorable terms in our current facilities rather than seeing this source of liquidity eliminated.

Considering the current economic environment and tightening of capital within the telecom sector, we are projecting growth in revenues and earnings per share from operations in 2001 over 2000 of 30 percent,

Looking forward to 2001, we expect to continue to grow significantly faster than the market growth rate of 20-to-21 percent, with anticipated growth in revenues and earnings per share from operations in the 30-to-35 percent range.

It all focused on Terry and his personal trading,