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Technology Stocks : Newbridge Networks

NN 14.14

-0.5%

12:34 PM EST

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To: fumble who wrote (15086)	11/25/1999 8:25:00 AM
From: gbh	Read Replies (2) of 18016

The big unknown (and the reason the stock is not up where it should be) fumble, let's not forget, the reason the stock is not where it should be, is that they just came off a seriously lousy quarter. And the prospects for the next quarter, and likely the quarter after that, as well, are no better, and probably worse. The stock is up from 17 to 22 purely on takeover speculation. That's already a 30% takeover premium built in. All the new and wonderful products aside, this company has been unable to sustain growth for years. Managment's sole job in any takeover negotiation will be to convince the suitor, that the new products will be able to drive "sustained" growth in the future. Note that they have been plainly unable to convince the investing community of these future growth prospects. Gary

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