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Technology Stocks : Newbridge Networks

NN 16.22

-2.5%

Jan 2 9:30 AM EST

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To: pat mudge who wrote (4488)	5/12/1998 1:40:00 PM
From: Jeffrey L. Henken	of 18016

If NN falls below $30, I think we will see $28 again. At $30 it is already a bargain but since it may go lower still I would hesitate to add at this time. I love this deal with AT&T and it's implications for NN's future. Personally I truly believe that their will be enough forward looking statements in the next quarterly release to bring around a full round of upgrades. I'm looking for at least a 40% gain in the stock price this quarter to $42+ US. Oh yes the market is bad today and will remain very volatile as long as the threat of an interest rate increase is still present. Comments anyone? Regards, Jeff

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