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Technology Stocks : Newbridge Networks

NN 12.53

-1.5%

3:59 PM EST

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To: Michael M who wrote (15182)	11/29/1999 12:37:00 PM
From: Tunica Albuginea	Read Replies (1) of 18016

MichaelM: " GO SANTA!!". I am with you. We need to remember that ASND was as low as ~$23.5 ( as I remember it ) justÿ one year before LU bought it forÿ ?$90.ÿ We need to remember that it would be LU to know bestÿ where Carrier needs will be in 10 years. And so it was LU, who based onÿ that knowledge and on their knowledge of Telecom that ended up offeringÿ an astronomical amount for ASND even though very few saw that when ASND was a languishing at $23.5. Why should NN be any different? OK, NN is poorly managed. I can understand that: when an EEng. ( TM ), tries to be an MBAÿ you are going to have problems. But that does not minimize the fact that TM was putting large amount of resources in R&D in the last 4 years ( ~ 10% of income ), and put 6000 engineers to work on ATMs. To think ( The Ottawa Citizen today ) that anybody can now go out and hireÿ 6000 engineers in a tight labor market and pop out an ATM in the nextÿ 12 - 18 months is ludricous, TA

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