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Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

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To: Elmer Flugum who wrote (3368)	2/25/1998 5:35:00 PM
From: Thomas Scharf	Read Replies (1) of 18016

NN tanked to 24 You're forgetting a 2:1 split since then which would make that $12,& I don't think it actually got quite that low. I bought then at around US$14. I'm going to start accumulating more at current levels with a view to holding for 3 more years. In spite of missing estimates frequently & having a chronic problem with margins, I believe that NN will be rescued by the fact that it has top quality products for a market (ATM backbone for the teleco's) that is about to explode. Not only that, but it is the incumbent supplier to an industry that is, to say the least, conservative. IMHO only, Thomas

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