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Technology Stocks : Newbridge Networks

NN 16.57

-1.8%

1:52 PM EST

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To: Peppe who wrote (12273)	7/14/1999 11:30:00 AM
From: Tunica Albuginea	Read Replies (2) of 18016

Peppe, correct: it is a buying opportunity.Just upped my position by 30%. It is unfair to say that NN disappointed the last 6 quarters. NN has 40% of the overseas ATM market.When that market tanked NN orders went with it. On the mainland (N.America ), NN should have had 40% of the market except for CSCO campaign of disinformation telling customers that they were working on a new ATM switch.So telcos waited 3 years for CSCO to get their ATM switch. Now the truth is out:the Emperor has no clothes.CSCO ditched their ATM switch.Now folks have to come to NN;they have the best technology. After Friday's options expiration, NN will be up smartly next week,IMHO, TA Clay, not unlike "damning with faint praise." Good way to put it. Dow is currently up 23, NN down $1 9/16. Quite the trading range today. Bid currently at 25 5/16. I suppose the bulls will interpret this as another incredidle buying opportunity ... Cheers,

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