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Technology Stocks : Newbridge Networks

NN 16.03

-3.6%

3:01 PM EST

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To: Serge Collins who wrote (2421)	11/6/1997 8:33:00 PM
From: 4finger	Read Replies (1) of 18016

Serge You are 100% right. With a stock trading like a run away train at 90 x trailing you had better exercise a little caution no matter what the analysts are saying. NN announced this summer that they would be adding about 2,000 or so bodies over the next few years. I think in a wierd way Mathews was pre-announcing or cautioning investors in his own Greenspanish-sort-of way that "yeah life is good business is great, but by the way we are still growing a company here and the expense side is also likley on a roll". On top of that, it was more than well publicized that he and other insiders were taking a little of the table. So it seems a little naive to be raising hell over a analysts getting this one wrong. This ride epitomizes the old adage about pigs getting fat and hogs getting slaughtered no? Believe me I take no joy in anyone taking a hit, but hey we have all had our lumps I'm sure. Happy investing. Cheers

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