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Technology Stocks : Newbridge Networks

NN 13.98

+0.9%

Nov 26 3:59 PM EST

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To: blaireo1 who wrote (15933)	12/17/1999 8:44:00 AM
From: Frodo	Read Replies (1) of 18016

From the National Post.... BEST - AND WORST - FOR YEAR AHEAD: Scotia Capital Markets' picks and for 2000 (all targets are 12-month prices per share): - Placer Dome Inc. (PDG/TSE) Highest leverage to gold of senior producers trading at cheapest levels since 1992. Target price is $29.97 for an 85.9% return. - SNC-Lavalin Group Inc. (SNC/ TSE) Favourable highway 407 lease worth an incremental $8 to $12 a share. Target price of $20 for a 85.3% return And Scotia's pans: - Newbridge Networks Corp. (NNC/TSE) Needs to put itself up for sale, but prospects for such an event occurring are low in near to mid term. Rating is "hold" with a $35 target price. - Microcell Telecommunications Inc. (MTIb/TSE) Operating performance weaker than peers. Rating is "reduce" with $32 target price. - Dylex Ltd. (DLX/TSE) Potential negative earnings surprises during restructuring. Rating is "hold" with $2.65 target. - Acetex Corp. (ATX/TSE) Acetic acid margins will remain depressed for several more years. Rating is "reduce" with $6 target.

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