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Technology Stocks : Newbridge Networks

NN 17.17

-0.5%

3:59 PM EST

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To: Anthony Ostroski who wrote (2524)	12/3/1997 9:21:00 PM
From: nick cash	Read Replies (3) of 18016

it's pretty difficult to say w/any conviction where it will go tomorrow of course but 42 is VERY critical support. if it breaks 42, it's straight to 35 as i see the charts. if it hold 42, then we will have even stronger support there and a base from which to build from. i do not believe nn can rally w/out some really good news releases. from my info, they are in a very good position w/regards to getting significant biz out of ntt which is contrary to what some (including some analyst's) believe esp. since cscc/asnd has implied that they got the whole thing which is ridiculous. a release about ntt w/a defined $ amount in the $100's of millions would obviously do the trick. additionally, nn has been quietly forming a better relationship w/at & t. they have been in join project for over a year now and t has purchased over $15mm of 36170's. there is the potential for this to turn into something very substantial too. obviously nothing is a done deal til, well.........til it's a done deal!! timing of these deals (if they come to pass) being revealed in a press release could be any time in the next 6 months so it's tough to base short term decisions on such things given the technically precarious position nn's stock price is in now. btw, i have not added back to my position since i posted that i sold a couple of months ago (i wish i had sold all of it). as far as today's release about the enterprise biz-i am disappointed. i see NO reason to put out a wishy-washy press release that says nothing. all it did for me was to tell me that they have no idea what they are going to do-doesn't exactly inspire confidence. a stupid move from a pr perspective-i'm pretty sure it didn't impress any analysts and more likely made them more wary as it has done for me. i will tell them as much (i've never been one to hold back my opinion as some of you know) when i speak w/nn again this week. all imo only....nick

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