Looks like the rumour mongers are starting on NN too....
Newbridge Networks Corp. (NN)
NEWBRIDGE NETWORKS CORP's stock is up on "takeover rumors,"
analysts said, but at least one analyst believes a deal is unlikely in the near
term. James Kedersha, an analyst at Cowen & Co. in Boston, downplayed
the takeover rumors, figuring that Alan Lutz, Newbridge's recently appointed
president and chief operating officer, wants to fix the networking company's
problems himself. No one was immediately available at Newbridge for
comment. Newbridge, a manufacturer of high-speed asynchronous transfer
mode, or ATM, technology, hired Lutz in June after reporting a string of
disappointing quarterly earnings results. (BusinessWire) |
