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Technology Stocks : Newbridge Networks
NN 16.11-1.8%3:59 PM EST
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To: Sinker who wrote ()2/19/1998 11:40:00 AM
From: pat mudge   of 18016
 
''This authorised capital would give us a chance to act quickly to take advantage of favourable opportunities for acquiring companies or equity interests, even though such acquisitions are not specifically planned at this time,'' Siemens chief executive Heinrich von Pierer told the shareholders' meeting.

For what it's worth, I was told over a year ago Siemens was looking for an acquisition that would include layer 3 switching. This was back when they became Amati's partner and I was following every breath they took. Considering they have a strong alliance with NN already, I doubt they would mess with that.

Just my completely novice take.

Pat
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