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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 9:30 AM EST

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To: Bob Howarth who wrote (15462)12/7/1999 11:23:00 PM
From: Doug  Read Replies (1) of 18016
 
Bob: Pooling of Interest is a widely abused Accounting practice that is mainly prevalent in N.America . It is
due to be curtailed at the end of next year.

Some stats will help. If you check out the Current valuations of all high techs on the S&P they will amount
to nearly 35% of the total value. However if you check out the Paid For Capital it will amount to 5%. There is no other Sector that has such discrepancies.

Stanford shareholders and their Mgmt were smart to incorporate Bubble/Implosion clauses in their Take over agreements. TM knows he will have to do the same.
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