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Technology Stocks : Newbridge Networks

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To: larry pollock who wrote (13612)	10/12/1999 6:52:00 PM
From: pat mudge	Read Replies (4) of 18016

No matter how you look at the Fidelity sale, the action represents a vote of no confidence in the Matthews/Lutz management team. It's the ongoing failure to produce an increase in shareholder value. You're absolutely wrong. The fact Fidelity kept half their position indicates they're still behind the management team. If you were a fund manager and had to report your success to your clients, you'd tidy up at each quarter's close, right? Even fund managers have to justify their existence and coming in in the bottom quartile just won't do it. I'll tell you a vote of non-confidence I pray to whatever gods that be we never get: the situation LU found itself in after the WCOM outage. The news came out around July 17. Check out their chart since then: quicken.com Long term investors look at the underlying fundamentals, not the movements of any one block of time. If you're holding LU, you'll want to know how much damage has been done long term. If little, then be grateful for the chance to add. If you're holding NN long term, you'll want to assess today's damage and make decisions based on what you find. I did and added. Pat

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