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Technology Stocks : Newbridge Networks
NN 16.41-1.7%Dec 12 9:30 AM EST

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To: reg who wrote (3649)3/13/1998 7:25:00 AM
From: Xerxes Wania   of 18016
 
It was Alex Brown who upgraded NN from a market perform to a buy.
The P/E is high at the moment but will catch up in the next 2-3 Qs.
The reason it got hammered in the first place was the knee-jerk reaction that you get from investors who look at short-term gains.
In the long run, I believe in Terry Mathews and his organization to get this stock back into the 40's (U.S. $).
Just my 2 cents (Cdn).
Xerxes
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