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Technology Stocks : Newbridge Networks
NN 16.41-1.7%Dec 12 9:30 AM EST
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To: Rob Riordan who wrote (12235)7/13/1999 5:51:00 PM
From: Mr.Fun  Read Replies (2) of 18016
 
Pat,
goes to show you what sell side salespeople do for a living. If you had talked to the guy I had talked to, you'd have thought Silverstein had dropped a bomb on NN headquarters. Alot of times, the salesman puts his own spin on things - in this case he knows I'm a little skittish about NN (we have it in the Canadian portfolio), so he pushes the negative comment and sends me a copy of a NN model with what appears to be lower #s than the last RS model I have seen. Now, Silverstein is out in an article denying the whole thing. This kind of smells funny, as RS was selling for alot of clients this morning before the comments got out. We sold part of our position, but I'll hold the rest. If you can't tell, I'm a little mad.
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