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Technology Stocks : Newbridge Networks
NN 16.33+1.3%3:59 PM EST
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To: Rob Riordan who wrote (13943)10/26/1999 8:25:00 PM
From: Doug  Read Replies (1) of 18016
 
Rob: By majority on Wall street, I meant the net Total of the Bulls and Bears that trade or "Invest" in NN on a daily basis.

For the record, since my forward valuation of NN in July had little acceptance, I used the Yahoo Board where in I did
set a target of $20 by mid Oct/Nov. That came to pass and I was surprised at the ease I made it relative to the Tech Index.

If you check my record vrs that of the BULLs on this Board you will see that my CALLS have beaten those of the BULLS and far surpassed those of the SuperBULLS.

It is unfortunate that many Investors get swamped herein with the "Cut and Paste" clips on micro details about Technology. I have found them to have little connection with the Earnings forecast/valuation. NN is a second TIER Company that dropped from the higher group. The second Tier Cos have
a different P/E; much lower and are a source of cash to short sellers as they have limited upside. CS, COMS and NN all belong to the same category. Plot all 3 against earnings and you will see a common valuation.

All 3 Companies have/had a lot in common. Bad Mgmt decisions on Technology related acquisitions, Stubborn Mgmt who keep repeating "Not for Sale", poor credibility about revenue and earnings forecast; Employees who have not benefitted from any stock appreciation resulting in migration of Talented staff to greener pastures ; perpetual Re-engineering.

I appreciate your hint about my Tampering with NN's valuation/optimism. Please be assured that I do not have that capacity as yet.
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