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Technology Stocks : Newbridge Networks

NN 16.70

-0.4%

3:59 PM EST

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To: Techwatch who wrote (5281)	6/23/1998 10:23:00 AM
From: Hugbo	of 18016

Here is a down to earth, reasonable, non short term earnings-nearsighted comment for all. I cannot believe that the end of Newbridge, the ATM pioneer is near. I think patience will be rewarded. good luck H. Newbridge Networks Corporation NNC Shares issued 173,670,862 Jun 22 close $32.70 Tue 23 Jun 98 In the News Buy & Sell columnist Sonita Horvitch says in the Tuesday edition of the Financial Post that Newbridge Networks is a top stock pick of Toronto-based Templeton Management's vice-president of global equity George Morgan and research analyst Peter Moeschter. Ms Horvitch notes the stock, currently $33.15, has a 52-week range of $95 to $26.75. Mr Morgan choses the Kanata, Ontario-based computer networking company as a contrarian move. He says the stock is heavily out of favour and yet the company has good technology and good prospects. He says there has been too much attention to the company's quarterly earnings. Overall, Templeton continues to find buying opportunities in the Canadian energy sector and it has been realigning its holdings of Canadian retail stocks. As a value manager, Templeton looks for bargains worldwide and it takes a longer-term view of target companies.

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