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Technology Stocks : Newbridge Networks
NN 15.49+6.7%Dec 4 3:59 PM EST

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To: zbyslaw owczarczyk who wrote (9384)2/5/1999 12:14:00 PM
From: Ian@SI   of 18016
 
Z.,

I've been out most of the morning. So far I haven't seen a single downgrade of NN today. Perhaps CNBC has shamed the analysts by referring to them as "penguins".

To me, this seems to be very encouraging. Revenues and earnings shortfall is in the order of 10%. I wouldn't be surprised to see NN recover to within 10% of its recent high (near 35-36 US) prior to earnings release.

My 2¢ worth.

Ian.
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