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Technology Stocks : Newbridge Networks

NN 13.78

-1.9%

1:17 PM EST

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To: Chris who wrote (17943)	3/31/2000 9:06:00 AM
From: Bill Hermesmann	Read Replies (2) of 18016

<<<For each share Alcatel will pay a security exchangeable into 0.81 of an ADR (American depository receipt which allows trading in foreign stocks). Alcatel's ADRs trade at $48.69 (U.S.). This works out to $71.01 (Canadian) -- a premium of 36.6 per cent over Newbridge's share price.>>> Note that there is no false statement here, there is just an encouragement to jump to a faulty conclusion. It's probably not the work of the Inv Reporter or am I being too charitable? A likely max range in ALA for now is about 40 - 50; so, the conversion value of each Newbridge share would be anywhere from 47 to 59 Canadian dollars. If my math is right!

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