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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 9:30 AM EST
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To: Glenn McDougall who wrote (13917)10/26/1999 1:42:00 PM
From: tech101  Read Replies (1) of 18016
 
Have been on the sideline since NN was 30-35 (pure luck). The mood on the board has never been so pessimistic -- a good sign of bottoming out -- even the reiterated BUY recommendation from ABN AMRO could not make any impact.

I think the selling by institutions is tax related when they close the book for 1998. It is right to the point that "The ATM and multi-service switch markets are growing 30-35 percent and Newbridge is right near the top to win business" (ABN AMRO).

Cheer Up!
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