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Technology Stocks : Newbridge Networks
NN 15.70+5.2%Jan 16 9:30 AM EST

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To: Jeffrey L. Henken who wrote (2294)10/24/1997 11:45:00 AM
From: Lamont  Read Replies (1) of 18016
 
Hi Jeffrey.

I would not be surprised to see this stock drop to the low 70's or high 60's. Since the last earnings report in August, the stock soared too much to fast (on good news I will admit). None of the contracts that were released however, gave a dollar amount or a time frame that they would impact earnings. The margins are still low on this company and IMHO, the next earnings report will be critical. Hopefully margins and earnings will increase relative to the increase in the contracts.
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