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Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

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To: pat mudge who wrote (4673)	5/29/1998 9:36:00 AM
From: cruncher	Read Replies (1) of 18016

Pat: Brokerages are starting to side with you. "Shares of Newbridge Networks Corp. (NN) edged higher on positive comments from Bankers Trust Alex. Brown. The firm said Newbridge is on track to meet the current April quarter consensus estimate of 13 cents a share and continue to be strong in the following quarter. Shares closed up 15/16 at6 27 15/16." This came out yesterday and today their is another one "09:18 ET Analyst Talk: Shares of marketing services company CKS Group (CKSG 18 1/4) upgraded from "hold" to "buy" at Prudential.... BA Robertson Stephens (excuse us, BancBoston Robertson Stephens ) starts shares of networking products company Newbridge Networks (NN 27 15/16) with a "buy"... Also started with a "buy" at Robertson Stephens was First Virtual Corp (FVCX 12 1/2), a manufacturer of products that deploy business quality video over the Next Generation Internet (NGI). FVCX debuted in late-April at $13 a share, in a deal led by R. Stephens. Last night, company reported a Q1 net loss of $0.13 vs a yr-ago loss of $0.44. Yr/Yr revenues soared 231% to $9 mln and increased 18% sequentially. Stock flat in pre-market." The accumulation that went on in the last couple of weeks has been a indication that brokerage houses like this sector, only a opinion. regards cruncher

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