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Technology Stocks : Newbridge Networks

NN 17.07

+0.2%

Dec 26 9:30 AM EST

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To: Luc Glinas who wrote (4147)	4/19/1998 8:40:00 PM
From: Jeffrey L. Henken	Read Replies (3) of 18016

Historically if NN meets analysts expectations the stock will do fine. It has been so long since NN exceeded expectations that the market would go absolutely bananas for NN if they did. Newbridge until recently was showing great revenue growth but low profit margins. The expectations were that frame relay sales would continue to grow, although slower than before, and that the company would be able to make a smooth transition into higher margin ATM sales. Obviously that was not going to happen and Newbridge paniced and bought UB Networks. Talk about dragging an anchor around. Still if NN can meet estimates we are back on our way higher. Just my opinion! Regards, Jeff

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