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Technology Stocks : Newbridge Networks

NN 15.21

+4.8%

12:43 PM EST

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To: pat mudge who wrote (4829)	6/3/1998 4:07:00 PM
From: larry pollock	Read Replies (2) of 18016

According to Dow Jones, "Meanwhile, Kearns Capital Ltd. analyst Rob Maclellan is maintaining his "reduce" rating on Newbridge shares, a rating he issued about two weeks ago." "We don't like what we see," MacLellan said. "It's going to get worse before it gets better." The Dow Jones article went on to say that MacLellan is also increasingly worried that Newbridge is heavily dependent on ATM products, while other ATM vendors offer a wider assortment of networking products. When you listened to the conference call, do you know if MacLellan asked any questions during the call? Near the market close, our stock is 25 1/8, down 4 7/8. Can you comment on the analyst's statements, and speculate as to why the stock price was hit today?

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