Glen, I feel positive about NN. I didn't sell at $37 in which I had a nice profit and i am prepared to hold all the way down to.......? ; I will buy more when stochastics turn.
My take of the CC is positive . Here is why and my reasons:
" Bad news, good news: older products
stumble, but orders for newer switches
soar "
1)Third-quarter revenues are expected to be $450 million -- up from $359 million in the same period a year earlier .: that's nice growth from before
2)Mr. Lutz said TDM sales were especially weak in Asia and Latin
America, to be expected. Asia Latin America are in the dog house. You can't squeeze blood out of a stone
3)Newbridge's flagship product -- a high-speed switching device known
as the 36170 -- recorded a 35-per-cent jump in sales from the second
to third quarter. Customer orders for the same product, which is based
on asynchronous transfer mode (ATM) technology, were up an even
more dramatic 45 per cent. !!!!!!
4)Mr. Lutz is also applying the same outsourcing logic to developing
Newbridge's next-generation ATM switch, a 50 gigabit-per-second
device that can handle massive amounts of voice, video and data
simultaneously. here comes NN's leading R&D for the future of the net technology. How many Gigabit switches are others developing?.
5)" said Mr.Lutz. "The reality is, we really do have to be in the 35- to 45-per-cent growth range, and that requires prudent risk-taking." Dat's what I call a nice growth rate
6)Newbridge wrapped up the third quarter with more than $900 million
cash in the bank. This reserve was fattened by the sale of Newbridge's
minority stakes late last year in Cambrian Systems Corp. and Vienna
Systems Corp. Great! The cash stash keeps rising to pay for R&D and developments of new enterprises. Look at Perot systems go up last 3 days! .
Indeed, when these one-time gains are included in Newbridge's final
results for the quarter, it recorded a net profit of 46 cents U.S. a share. there you go NN,.
And “ the piece de resistance” ''WE”RE HITTING THE COVER OFF THE BALL ON ATM,'' Lutz added.
Go NN!!!
TA
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