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Technology Stocks : Newbridge Networks

NN 14.04

-1.2%

3:59 PM EST

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To: gbh who wrote (13879)	10/26/1999 12:02:00 PM
From: gbh	Read Replies (1) of 18016

The stock continues to have no lift whatsoever. There is still a huge supply of stock coming into the market. Fortunately, the seller seems somewhat patient, although he seems to offer at least 10K at just about every level. I just read through the ABN/Amro re-iteration. It seems odd that this guy would re-iterate a BUY given the list of reasons he gave for why the stock is down. Number 4 especially, is very troubling. 1) Concerns about the quarter. 2) Selling by large institution (Fido). 3) Dilution from acquisition (STII?) 4) Absence of US account wins. One has to wonder what might possibly lift this stock? If no preannouncement occurs by Friday, I'd say the quarter will be met, maybe even exceeded by a penny or two. Will this be enough to move this stock higher? Is the stock really deserving of a PE greater than 20-25? Will Terry and Alan finally come to the conclusion that finding a suitor may be the only way to provide a decent shareholder return? And if so, who is really left that might find NN appealing? Gary

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