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Technology Stocks : Newbridge Networks
NN 14.04-1.2%Dec 1 3:59 PM EST
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To: Doug who wrote (17893)3/17/2000 3:35:00 PM
From: blaireo1  Read Replies (2) of 18016
 
I think we have to remember that if the ALA deal was not made, NN would likely be trading in the very low 20's. The lack of safety measures to guard the purchase price probably illustrates what a poor negotiating position NN was in. They only beat the street in their last earnings by a couple of cents after intense rumours (probably started by company execs.)that they were going to blow away the quarter. They had to make a deal and they apparently had only one suitor.

...low $30's looks pretty good compared to the alternative.

Blaireo
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