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Technology Stocks : Newbridge Networks
NN 17.07+0.2%Dec 26 9:30 AM EST
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To: Jules V who wrote (2627)12/23/1997 12:50:00 PM
From: Frank Edwards  Read Replies (1) of 18016
 
Jules asked:

Why did Mathews sell $16M last month ?

I don't think that this transaction amounts to much more than a
meeting of some short term personal cash flow requirement. As I understand it, Mr. Mathews has built a considerable empire beyond Newbridge. As a percentage of overall holdings, my understanding is that this transaction represents about 1/2 of one percent of Mr. Mathews current stake in Newbridge.

With a present holding of 38-39 million shares, it seems like Mr. Mathews is very committed to the longterm.

For what it's worth, does anyone have a tally on total insider trades
in Newbridge for 1997 ?

Frank
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