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Technology Stocks : Newbridge Networks

NN 12.60

-0.4%

3:59 PM EST

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To: pat mudge who wrote (5223)	6/17/1998 12:54:00 PM
From: zbyslaw owczarczyk	Read Replies (2) of 18016

Pat, here is report prepared by R.McLellen when he was at SBC Warburg Dillon Read.Two weeks leater he worned public (his clients already new)NN may miss the numbers big way.At that time his emphasized importence of ATM for future of NN and the telecom industry.Few weeks ago he started complain about NN, and the company dependence on ATM.It is obvious that he his playing games with NN stock. SBC Warburg Dillon Read issued a Company Report on January 16, 1998 for Newbridge Networks Corporation. On January 16, 1998 SBC Warburg Dillon Read's Research Department issued a 3 page Company Report on Newbridge Networks Corporation. Report highlights: 'A BUY rating was reiterated with a 12-month price target in the range of $66-$70 per share. The announcement of a number of domestic and large offshore ATM telco contracts for ATM-centric networks was anticipated. The company was a leader in the broadband switching arena, with a five-year estimated EPS growth rate of 40%.' Report No.: N0087102 The full text of this and over 30,000 other reports are available for purchase from Zacks.

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