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Technology Stocks : Newbridge Networks

NN 14.04

-1.2%

Dec 1 3:59 PM EST

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To: Michael M who wrote (14722)	11/18/1999 11:08:00 PM
From: schlep	Read Replies (2) of 18016

I'm with you, IFFFFF, offer accepted (not just made) it will need to be north of US$35. Here's a chart. Current revenu for Q was tad under $500M (not sure if US or Canadian, anybody know?). Annualized is nearly $2B run rate. Core business still growing at 70% year of year. Create your own multiples p/e, p/sales etc. Next year earnings estimates (calander year 2000) are about $1.00. As per Yahoo, 181M shares outstanding. Also note 52 week high of $39. Using US$.... share-price -> Cap (offer) $20 -> $3.64B $25 -> $4.52B $30 -> $5.43B $35 -> $6.34B $40 -> $7.25B $45 -> $8.14B $50 -> $9.05B SO, what multiple do you want to use? p/e = 50 -> $50/sh p/sales = 6:1 -> cap = $8-12B (depends if C or US$ revenue of $500M Q) at least $45 / sh. I'd say Terry would not acknowledge an offer less than $35 and more likely would need offer at or north of $40 / sh. Comment, opinions would be welcome. -schlep patiently long.

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