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Technology Stocks : Newbridge Networks

NN 14.04

-1.2%

3:59 PM EST

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To: Steve Fancy who wrote (17946)	3/31/2000 4:50:00 PM
From: Bill Hermesmann	Read Replies (1) of 18016

Steve, I believe that the 5 for 1 split is already reflected in the ADR price so I don't see that having a large near term affect; and I'm afraid that the merger financial manipulations will muddy the financial picture for the first quarter.(A rise in the Euro v.the dollar would be helpful) Having said that.....I certainly hope your call holds up!!! I think the longer term is roses.

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