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Technology Stocks : Newbridge Networks

NN 14.21

+1.7%

Nov 28 9:30 AM EST

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To: larry pollock who wrote (2732)	1/17/1998 9:17:00 AM
From: Walter Prager	Read Replies (1) of 18016

<<Shareholders have been getting killed in the stock market and, now the focus of attention is the construction of a hotel, golf course, athletic club, etc.>> The "pleasure palace" is being built by and on land owned by the Kanata Research Park. The only connection to NN is that Mr. Matthews owns both companies. If he decided to renovate his house would you complain that that money should have been used to bolster NN's holdings? All of the things I see coming out of this are positive. In the last 4 years the population of Kanata has grown by around 50%, mostly due to the high-tech industry here. As a businessman, Mr. Matthews is simply taking advantage of the situation here to make a very shrewd investment.

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