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Technology Stocks : Newbridge Networks

NN 12.64

+3.2%

Nov 14 9:30 AM EST

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To: Glenn McDougall who wrote (5302)	6/24/1998 2:14:00 AM
From: pat mudge	Read Replies (1) of 18016

Robert MacLellan, technology analyst at Kearns Capital Ltd., said Newbridge's bottom line is hypersensitive to the slightest shock in this market. "A restructuring implies they are seeing problems in the U.S. market, which is the early adopter market for ATM technology," he said. That's why he's recommending clients reduce their holdings in Newbridge, despite predicting a 50% jump in its ATM sales this year. 'Ol Monotone MacLellan's at it again. He takes banal to new levels. How he gets from restructuring to problems in the U.S. market is a mystery. Unless you consider a monstrous market a problem. Challenge might be more accurate. But what can you expect from someone who tells his clients to lighten up at the same time he says ATM sales will jump 50%? This on the same day we got "renewed confidence in lowered estimates." Who needs the Three Stooges???? :)) Night -- Pat

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