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Technology Stocks : Newbridge Networks

NN 16.09

-0.2%

11:37 AM EST

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To: pat mudge who wrote (4226)	4/24/1998 5:52:00 PM
From: Brett Nelson	Read Replies (2) of 18016

Given that NN has disappointed the Street for several quarters, perhaps management has remained relatively tight lipped about news releases, etc. until they are absolutely sure they will meet or beat this quarter's (and this year's) numbers. This might explain what one poster referred to as a decrease in the frequency of announcements. This could also reflect management's sensitivity to allegations that they "hyped" the stock with announcements only to disappoint when it came time to release actual earnings. As such, let's hope that in the first few weeks of May, after preliminary EPS numbers have been tallied by NN, they start releasing some news about contracts,etc. It's not difficult to imagine a scenario in which a few well placed comments,announcements and analysts upgrades lifts NN above $30 and re-instates a climb to $40 (200 day moving average). We'll see..

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