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Technology Stocks : Newbridge Networks
NN 11.36-9.3%Nov 20 3:59 PM EST
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To: Rhys Roberts who wrote (5457)7/8/1998 1:06:00 PM
From: Peppe  Read Replies (3) of 18016
 
Rhys,

<TM just won't sell and unless he decides to nothing can happen.>

TM, according to the Ottawa Citizen, owns 21% of NN. That's not exactly a controlling stake. If he decides to hold onto his shares, it is conceivable that LU or someone else can acquire controllong interest.

<Cisco has yet to acquire ONE top level member of NN.>

I don't see the relevance of that statement. Senior staff at NN is in Canada and CSCO is in Silicon Valley. The most senior member of Newbridge's staff in the US was their VP sales and he just resigned !!
(Maybe he's joining CSCO <vbg>)

In an industry where size matters more and more, TM may indeed want to bail while he can still get good money for NN. Not being bought may be NN's greatest danger, left to face NT (with BAY), LU (with ASND ?) and CSCO.

Cheers,

Peppe
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