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Technology Stocks : Newbridge Networks
NN 16.89+1.7%Dec 18 3:59 PM EST

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To: pat mudge who wrote (5912)8/11/1998 9:12:00 AM
From: j g cordes  Read Replies (1) of 18016
 
Regardless of current contracts.. NN will respond to Asian and European market weaknesses. The news out of Japan, whose sentiment I can summarize with the following quote

"''The conditions ahead of us are harsh. I think we will have to cope with a lot of hardships before attaining a recovery,'' Economic Planning Agency (EPA) Minister Taichi Sakaiya told a news
conference.

In its monthly report, the EPA depicted an economy that was still limping at low levels. ''Final demand is weak due to cautious sentiment among households and businesses. This effect is also spilling over to production and employment. In short, the economy is in an exceedingly severe condition led by a prolonged slump,'' it said."

This points out to me an entrenched pessimism in the current administration.

Jim
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