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Technology Stocks : Newbridge Networks

NN 14.21

+1.7%

Nov 28 9:30 AM EST

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To: Goldbug Guru who wrote (3198)	2/13/1998 10:21:00 AM
From: Stewart Elliot	Read Replies (2) of 18016

You wrote: ----------- A month ago, Oracle was a $31 stock, one bad earnings send the stock crashing to $22 down twenty nine percent in one day. As the weeks go by it traded as low as $17 3/4. Currently, Oracle has made up dramatic recovery up more than 50% from its all time low. It's possible that NN could make a similar recovery just like Oracle. ------------ I'm sorry, but this is an incredibly bad example. Oracle barely missed earnings, but still had growth of 25% year over year. NN's revenues plunged quarter to quarter, and barely beat the year earlier period, despite the acquisition of a $300MM per annum networking company. The quarter was a disaster, and any guidance from other companies that have had similar experiences would probably suggest that the low 20s are probably the best one could hope for in the near future.

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