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Technology Stocks : Newbridge Networks

NN 12.64

+3.2%

Nov 14 9:30 AM EST

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To: notredame who wrote (5247)	6/19/1998 10:25:00 AM
From: Ian@SI	Read Replies (4) of 18016

It's more likely to be the WSJ story that's giving NN a bit of a rise... If you're a subscriber: interactive.wsj.com It talks about Ericsson admitting that they're in negotiations with 3 "internet" hardware companies. ... "If Ericsson fails to get into the hub and router market, they won't be able to provide a full product line. They could become a second-tier player in the future," warns Laurent Douillet, analyst at Lehman Brothers in London. Smaller U.S. router companies include Hypercom Corp., Juniper Networks Inc. and Newbridge Networks Corp. Rumors of an Ericsson acquisition surfaced earlier this week after its rival, Northern Telecom Ltd., agreed to buy Bay Networks Inc. for $7.7 billion. Observers speculated that the Swedish giant would pursue a similar deal, most likely targeting 3Com Corp. or Ascend Communications Inc., two large U.S. Internet product makers. The buzz caused Ericsson's American depositary receipts to rise $1.0625, or 4%, to close at $27.4375 on the Nasdaq Stock Market on Wednesday. But Thursday, Ericsson fell $1.5625 to $25.875. ...

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