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Technology Stocks : Newbridge Networks
NN 13.85+6.9%Nov 25 3:59 PM EST
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To: Steven Fischer who wrote (2899)2/1/1998 8:12:00 AM
From: Frank Ferrari  Read Replies (4) of 18016
 
I think NN is low, the big question is will they get a lot lower. Will they preannounce an earnings shortfall or give downward guidance to ATM sales as many of the newspaper articles suggest?

I do not think the selling is over quite yet. The publicity is too negative. I suspect that if they are going to preannounce then they will do it early next week. They cannot hold on to bad news when the stock is dropping so dramatically (class action suits). In my opinion the buying opportunity should occur mid to end of next week.

Cheers
Frank
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