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Technology Stocks : Newbridge Networks

NN 16.41

-1.7%

Dec 12 9:30 AM EST

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To: eric r. f. who wrote (7875)	11/25/1998 7:16:00 PM
From: Moneysmith	of 18016

I don't follow your logic re: Siemens buying C$$$.... The dollar was up today because we had a re-opening of the Canada 5.25% of Sep 2003 the issue was tightly bud and the dollar rose as a consequence in a shortened pre-holiday session. The radio station is getting its information from the Space Channel IMO. We had a couple of upgrades today out of the US and another contract (terms not disclosed) with the China Post. The big one may come next week..maybe and that would be Global One. A few Canadian firms are concerned about the decline in R&D spending and had targets around $45 for the year. Obviously all targets these days are being written in pencil. As for Siemens I understand that they are not really interested in NNC. A late news release after the close indicated that the China Post deal may not be exclusive to NNC as the company claimed...Lucent and Ascend both claim to have received similar orders...Newbridge may only have one third of the pie to build the network. If this is true then we may be in for a pullback tomorrow. (Siemens and NNC are partners in China)

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