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Technology Stocks : Newbridge Networks
NN 15.87+2.5%3:59 PM EST
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To: Tunica Albuginea who wrote (16899)2/8/2000 10:32:00 AM
From: Michael M  Read Replies (1) of 18016
 
Some of the "investors" seem to be losing patience. Every day that passes without a deal announcement seems to disappoint. I, on the other hand, celebrate each day that passes without an earnings warning.

I would love to see NN taken out for the right price -- today would be fine.

I DO NOT expect NN to announce that they've "changed their mind" re selling the company. There is NOTHING to gain from that.

It IS possible they may say something at the next CC like -- "The company had GREAT results last quarter and expects to continue having great results..... As we go forward, we remain committed to exploring every option that will benefit our shareholders and that includes serious examination of offers to buy the company."

For now, my hopes rest with NN becoming leaner and meaner ......more contract announcements......reports that new NN gear is looking great in trials.....and, of course, posting profits in excess of estimates.

Unless the company blows the quarter or says something really stupid, the price will rise (perhaps not in a straight line and perhaps not as fast as in recent days).

I don't think there is any way NN will be sold for U.S. $40 or less. Just my less than humble opinion.

M
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