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Personal Finance > Investing
Hartnett-Devlin likes Nortel
December 20, 2000: 3:42 p.m. ET

Fiduciary Trust fund manager also is bullish on Texas Instruments
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NEW YORK (CNNfn) - Sheila Hartnett-Devlin, fund manager at Fiduciary Trust International, said Wednesday that Nortel Networks is poised to gain in the long term from growth in the telecom sector. Hartnett-Devlin also picked Texas Instruments as a good long-term stock.

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Name: Shafee, Texas

Question: AOL (AOL: Research, Estimates). Nortel Networks (NT: Research, Estimates). Texas Instruments (TXN: Research, Estimates). With the AOL-Time Warner merger almost complete, why is the AOL stock weakening? What are your views on NT and TXN for the next six-to-12 months?

Answer: AOL stock is weakening, reflecting the fact that they are merging with a slower growing company; therefore their overall growth rate in the future will be slightly lower than it has in the past. The price of the stock is reflecting that slower growth. We like both NT and TXN for the next six-to-12 months. NT will continue to benefit from the capital expenditures necessary to build out the telecom sector. TXN specifically will benefit from their production of semiconductor chips for specialized products such as DVD players. [Ed. Note: Time Warner is the parent company of CNNfn.]

Name: Denise, Arizona

Question: Etoys (ETYS: Research, Estimates). If this company is sold what happens to my investment with them? Would the new company honor the stocks?

Answer: If eToys is sold, two things could happen: the new company could purchase your stock for cash, or you could receive shares in the new company.

Name: David (location unknown)

Question: The Nasdaq tested new lows. Does that mean it will bounce back again even though the economy is slowing down ?

Answer: You probably will see a short-term bounce but then the market could move sideways to down as it digests slowing earnings in the slower economic environment. There's no guarantee that the market will go straight back up, and you need to be positioned in stocks that are more defensive for a slower growth environment.

Name: Peter, Slovak Republic

Question: Could Greenspan's decision not to cut interest rates signal that he awaits further price correction in the stock market?

Answer: The decision not to cut rates is probably related more towards his desire to see further economic news following the Christmas selling season. While he has focused on the stock market in the past, it is not his key indicator for monetary policy.

CNNfn welcomes your e-mail questions for our "Talking Stocks" guest. Please include your first name, state and one stock question per e-mail. Please keep in mind: "Talking Stocks" is for specific stock questions only. If you do not see an answer to your e-mail here, it is because our guest does not cover the company. graphic


--compiled by Parija Bhatnagar





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.