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Technology Stocks : Newbridge Networks

NN 14.63

-2.3%

Jan 29 3:59 PM EST

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To: Stewart V. Nelson who wrote (2071)	9/18/1997 1:27:00 PM
From: Jeffrey L. Henken	of 18016

You are selling on the news. Just not the big news. You may get a chance to buy back lower, but it will have to be soon. I think the rumors are true. I also think that the share price will eventually be supported by a more reasonable PE. Clearly NN has a significant lead in ATM technology. Major Telecomm companies throughout the world are signing huge contracts to meet consumer demand for more bandwidth and instant information. I won't even consider selling my NN for another 3 years. While I wouldn't advise another to buy NN at these levels, I recently bought quite a few shares of ASND. I personally think this market will ultimately prove to be so large that all these networking companies and their stocks will benefit greatly. Good luck with your other investments. Regards, Jeff

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