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Technology Stocks : Newbridge Networks

NN 15.87

+2.5%

Dec 5 9:30 AM EST

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To: Tunica Albuginea who wrote (3875)	3/24/1998 1:33:00 PM
From: pat mudge	of 18016

Also ML will have a conference today and tomorrow on Telecom Cos at the Pierre hotel, New York. This may be why the networkers are strong today. That and the CSCO comments. I'll call my friend at ML and see if he has a list of presenters. My concerns are that we know that Asia provides 1/3 of world GDP; and we know that impact of fall '97 Asian fall out won't be felt for another quarter which is Q1 '98. If earnings are poor and the market trips over the kitchen stool I don't know if individual stocks can swim up stream. So I put myself in a corner of the kitchen and I will watch the action to figure out nest steps. Pure guesswork as you can see, so take it for what it's worth, I'm concerned about earnings, too, but to balance that we have Japan on the brink of announcing its spending plans for the coming year. As I understand it, they wait till after the end of March. Won't there be some upside associated with this? As for taking profits in NN, I peeled off the first batch I got at 20 1/8, primarily because I'd added so much between 24 and 28. The question remains, how far can the market go before it trips over the kitchen stool? Later -- Pat

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