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Technology Stocks : Newbridge Networks

NN 16.70

-0.4%

Dec 11 3:59 PM EST

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To: Thomas Scharf who wrote (3647)	3/13/1998 8:12:00 AM
From: Glenn McDougall	of 18016

Acording to the street.com...Newbridge's bounce looks real! since feb 4 nn share price has increased by 34% csco has slipped slightly and ascend has had a 14% increase. TAL investment counsel purchased most of there 150K of shares in the last 2 months says it's to early to set a price target for this rise. Another money manager, purchased a few hundred thousand shares and increased his firm's stake to about 4.5-5 million shares since the trough in early february says investors are warming to the company's plan to keep expenses flat until revenue recovers to a healthy level. Selling,general, admin and r&d expenses are 52% of revenue compared to 36% one year earlier. Another up day.. Glenn

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