Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

INTC 36.82

+1.5%

Dec 19 9:30 AM EST

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To: Brian Malloy who wrote (12739)	11/3/1997 7:17:00 PM
From: Sonki	Read Replies (1) of 27012

NEWBRIDGE NETWORKS CORP. (NN) 58 5/16 +5 5/16. Shares of networking products and systems company have certainly more than benefited from an a positive rating from JP Morgan as the stock is bouncing from the low $50s experienced during the tech sell-off last week. Today, JP Morgan Securities initiated coverage of the stock with a "buy" rating and a $70 price target. This, couple with the more positive view of the tech sector has helped the stock move higher today. The stock is still trading more than $10 below its high of $69 3/8 reached in early October, but the support for this stock seems to be more positive as more than 1.06 million shares have already traded hands. Based on earnings expectations by First Call of $1.37 for fiscal 1998 and $1.88 for fiscal 1999, the stock is currently trading at 42 and 31 times, respectively, projected earnings, which appears to be in line with top line growth of 49% for the past year and 50% during the past five years. However, earnings for the next couple of fiscal years are only projected to expand by 29% in 1998 and 37% in fiscal 1999. The price target that JP Morgan has established for this issue fits well with the longer-term sales trend, but leaves the stock a bit pricy based on earnings growth projetctions. ======================================================= what do u think of NN ======================================================= thx for i2(internet2) post. i don't have attention span to play calls. i m thinking of selling idx calls when i break even. i m working too hard and need to slow down some and calls keep making me work hard... along w. job and can hardly keep up w. family and exercise etc... over the weekend i had figured if i bot cpq at 62 and i could sell leap at 20 thus giving me 33% profit from here to jan.99. what do u think of that? almost guranteed 33%? why pay attention to the market. anyway, i got up and the market was too high, any way picked up 1k cpq.

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