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Technology Stocks : Newbridge Networks

NN 14.04

-1.2%

3:59 PM EST

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To: Ian@SI who wrote (14710)	11/18/1999 7:45:00 PM
From: gbh	Read Replies (3) of 18016

And there's much upside remaining. I don't think even the staunchest NN bear would say there's any takeover premium yet in the stock price. Ian, I'm a NN agnostic. As I posted this morning, I entered only for a takeover play. That said, you must be kidding to say there is now no takeover premium in the stock. Why do you think the stock traded up after hours? One reason, and one reason only. That's takeover premium, my friend. If they were to be taken tomorrow, I'd guess the price would be well south of 30. Lets face it, this quarter was a HUGE disappointment. IF they could string good quarters together, they wouldn't be for sale. Gary

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