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Technology Stocks : Newbridge Networks

NN 17.07

+0.2%

Dec 26 9:30 AM EST

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To: Frank Edwards who wrote (2628)	12/23/1997 11:31:00 PM
From: Jules V	Read Replies (2) of 18016

Re: "With a present holding of 38-39 million shares, it seems like Mr. Mathews is very committed to the longterm." If he has 38m shares then I agree the sale would not appear significant in terms of his overall holdings, although $16 million is a nice sum. Has he got a better investment we should be aware of? According to the newspaper he has 1.2m shares, (unless he has warrants or shares the paper has not recognized), which would be sales of 16%. Globe and Mail Nov 25: Numerous Newbridge insiders also sold shares and options throughout the late summer and early fall, including Newbridge chairman and founder Terence Matthews. Mr. Matthews raised $16.9-million from the sale of 200,000 shares from Sept. 18 to Oct. 2, according to a recent Ontario Securities Commission bulletin. Mr. Matthews still holds almost 1.2 million shares.

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