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Technology Stocks : Newbridge Networks
NN 14.21+1.7%Nov 28 12:59 PM EST

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To: Robert who wrote (9633)2/13/1999 5:02:00 PM
From: Doug   of 18016
 
Robert: Most will agree with Mr Woo who has been very impartial.

These problems would have likely first made their early showings in Dec & earlier.If you see the late Dec postings, the Company showed no hint of the problem. Instead they published a series of Press releases on an increasing no of Contracts being netted. The Company even jumped the gun on G1 and hopefully pinpointed a day. These announcements made many on this Board euphoric.

Thereafter many posts on this Board about earnings and Contracts looked very authoritative. In reality the authors had absolutely no idea of the details. I often wonder what motivates people to be so authoritative especially when the facts prove them hopelessly wrong. They most likely have a very strong ego to accept such credibility risk.

During last weeks crisis, I observed that NN seems to still adhere to its policy of Pre-announcements. This time it is some minor acquisitions to be made 2 weeks from now.

What indeed was the purpose of the pre-announcement.?
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