John Roth Market Quotations

We are seeing longer than expected delays in spending by our U.S. customers as they continue to assess the impact of the economic and market conditions on their businesses,

Given our strong market position and leadership in high-performance Internet solutions, we continue to expect to grow significantly faster than theÊ market, with anticipated growth in revenue and earnings per share from operations in the 30 to 35 percent range,

Looking forward to 2001, we expect the overall market to grow in excess of 20 percent. Given our strong market position and industry-leading networking solutions, we expect to continue to grow significantly faster than the market, with anticipated growth in revenues and earnings per share from operations in the 30 to 35 percent range.

Nortel Networks had another quarter of outstanding growth, which reflected our continued market leadership in key growth segments, ... In particular, our optical Internet, wireless Internet, and high-speed local Internet solutions revenue grew at rates of more than 150 percent, 18 percent, and 80 percent, respectively, over the second quarter of 1999.