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Technology Stocks : Newbridge Networks

NN 14.21

+1.7%

Nov 28 12:59 PM EST

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To: cann11 who wrote (9370)	2/5/1999 6:39:00 AM
From: nord	Read Replies (1) of 18016

NN selloff Stock down 16,8% Facts rev Q# 450M 25% increase Q3 98 ie ATM sales growth fully diluted earnings/share 71c/compared with a loss of 82c Q3 98 net earnings equal to last qtr net earnings 5 c below street expectation slow down in Latin AM and Asia adverse effect on sales ie global conditions not product ATM orders increased 45% from prior Q/ exceeding traditional 10% growth exceeding manufacturing capacity resulting in backlog SG&A decreased Cash in excess of 900M My take a great qtr minimally offset by slow down in legacy business made up for by ATM products save for dramatic upswing in ATM orders and inability to meet order fill in qtr. NN will be short 5C MY take this is a warning of good things to come. Lutz et al faced the music. Admitted revenue shortfall before the release ie new street saavy. The explanations for short fall seem open, honest..expected given worldwide economic conditions and that NN future ATM is very bright growing like gangbusters. Norden

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