This morning on CNBC, there was a hightech portfolio manager, with an outstanding track record, who has Newbridge in his portfolio. The individual was asked by another portfolio manager -"Do you trust them?" After the hightech manager laughed, it became clear that Newbridge was in the portfolio mainly because of takeover probabilities.
My own comments: Lucent, Cisco, Tellabs, Nortel, are companies with the right products, and they consistently execute. They are class acts. Newbridge has the right products, but it does not execute. Six out of the last nine quarters were bungled! If it were not for the fact the Newbridge does have the right products combined with the ongoing takeover rumors, NN's stock price would probably be much lower than it is currently. If the investment world believed everything that Alan Lutz stated in the last two conference calls, our stock price would probably be higher, I think. My comments might be annoying to a couple of Newbridge followers, so be it!! |
