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Technology Stocks : Newbridge Networks
NN 14.32+1.1%Jan 9 3:59 PM EST
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To: bazan who wrote (2342)11/1/1997 10:46:00 PM
From: Thomas Scharf  Read Replies (1) of 18016
 
Miguel, IMHO, unless they come in way above estimates, NN could easily drop when earnings come out. The current PE is just too high for this skittish market. If that happens, I see it as a buying opportunity. In the long run, NN is in the right business at the right time. I have no plans to sell my holdings, tho I might get tempted to sell some covered calls if the price runs up much before earnings.

Thomas
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