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Technology Stocks : Newbridge Networks
NN 13.85+6.9%3:59 PM EST
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To: Glenn McDougall who wrote (12983)8/25/1999 1:16:00 PM
From: gbh  Read Replies (2) of 18016
 
Not what I might expect after a pretty good quarter.

"S&P Reiterates Avoid on Newbridge Networks Shares"
personalwealth.com
Standard & Poor's reiterated its 2 STARS (avoid) recommendation on shares
of Newbridge Networks (NYSE: NN - news) despite the company reporting better
than expected fiscal 2000 (Apr.) earnings per share of US$0.18, before
non-recurring gains and charges. S&P analyst Mark Cavallone says the
results were aided by a stronger Canadian dollar, orders that slipped
from the fourth quarter, and management's conservative guidance after the
prior quarter's preannouncement. Word on the Street brings you comments
every trading day from Wall Street's top equity analysts on stocks or
industries that are moving significantly.
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