hi thurston, hope you are right about a pvsw run... i would like to see it in the next few weeks not few months but am happy to hold for a while if need be, i see an easy double here...
nn looks like it will be big today...
Newbridge to consider all options
S&P adds CDW Computer, Cybex Computer, Amer. Xtal
By Susan Lerner & Tomi Kilgore,
CBS MarketWatch
Last Update: 8:52 AM ET Nov 19, 1999 NewsWatch
Market Pulse
NEW YORK (CBS.MW) -- Newbridge Networks shares were in rally mode after the company said it was "fully committed to considering all strategic options."
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Updated:
11/18/99 9:11:52 PM ET
After the bell Thursday, the Canada-based networking solutions provider (NN: news, msgs) said it earned 8 cents per share, excluding one-time items, missing First Call estimates by a penny and announced a restructuring plan that will include a more than 10 percent reduction in its workforce.
"The disappointing results of the quarter compelled us to accelerate the deployment of a comprehensive strategic action plan,” Terence Matthews, chairman and CEO of Newbridge, said in a press release.
Shares of Newbridge, which rose 1 1/16 in Thursday's trading ahead of the release and popped another 4 points in pre-market trading Friday, according to Art Hogan, chief market analyst at Jefferies & Co.
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