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Technology Stocks : Newbridge Networks

NN 15.72

+1.5%

1:24 PM EST

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To: pat mudge who wrote (14903)	11/22/1999 11:42:00 AM
From: Tunica Albuginea	Read Replies (1) of 18016

Pat, ERICY is talking from both ends of their mouth: certainly if they are thinking of buying NN they wouldn't say a word about it because that would automatically jack up the price 30%+ and make any acquisition talks more difficult.The same applies to everybody else. The last thing anybody wants is NN at US$ 33-35 from which to allow TM to start his bargaining. No, instead I expect everybody to deny any talks. Everybody knows that NN is the prize AND that if any of their competitors get NN they will be smoked meat. I think right now the bargaining is furious and all under the table. TA biz.yahoo.com REUTERS-Monday November 22, 11:26 am Eastern Time Ericsson says not interested in Newbridge ``I think we have clearly stated that we are pursuing a strategy focussed on small to medium sized companies. I think we consider Newbridge (Toronto:NNC.TO - news) (NYSE:NN - news) bigger than medium and a bit out of that league,' Ostlund said in a telephone interview. He added that Ericsson's President Kurt Hellstrom had said last week that the company was not in talks with Newbridge. Newbridge shares surged 6.6 percent on Friday after the company said it had opened the door to takeover offers as part of a strategic overhaul. Last week, Ericsson's President Kurt Hellstrom told Reuters that the company's strategy was to buy small to medium size companies, although he would not rule out making a big acquisition if an interesting option came up. Ericsson shares fell 8.5 crowns to 398.5 crowns in late afternoon trade. ---------------------- To: JS who wrote (14902) From: pat mudge Monday, Nov 22 1999 11:26AM ET Reply #14903 of 14904 November 22, 1999 11:16 Ericssonsays not interested in Newbridge STOCKHOLM, Nov 22 (Reuters) - Swedish telecoms equipment maker Ericsson said on Monday that it was not interested in buying Canada's Newbridge Networks, which has said that it is considering being taken over. "It is not in line with the strategy voiced last week," Ericsson spokesman Lars Ostlund told Reuters.

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