Howarth, i think that there is more to NN's upward movementÿ
than takeover speculation. That has been there since Nov.,
daily and persistent, but we did not have these violentÿ
break out then.So there is something else going on.
You take your pick:
-great eps
-great execution from new CEO
-great new contracts
-exciting results from trials
-large installed base of blue chip customers
-the recognition that the internet can only run on IP+ATMÿ
ÿand that NN is the leader in ATM and everybody
ÿelse is sadly lagging way back.
-or, even a deal in the works
As far as it falling back to 25 I suppose everything is
possible.It happened to Oracle last Nove.Was in theÿ
doldrums forever at 23.Then one day it had a smashingÿ
breakout to 27 - 28. I said too late to buy ii now.
Then it fell back to 25. I didn't buy it.The usual fears,
" an old company", " old technology ", yada yadaÿ
yada.
Well ORCL went to 120 and split.
I am still hopeful that after the first buy out offer we will
get into a bidding war for NN,
TA
Message #16837 from Bob Howarth at Feb 3 2000 3:47PM
ÿÿÿÿÿÿ TA. Good luck with your long position. I am starting to question this "takeover thing". Could fall back sharply to 50 day, around 25, quite easily, don't
you think?
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