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Technology Stocks : Newbridge Networks
NN 13.63-2.9%11:34 AM EST
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To: matt gray who wrote (6057)8/21/1998 10:03:00 AM
From: Ian@SI  Read Replies (1) of 18016
 
Matt,

Your logic, IMO, is exactly right as long as the time span considered is more than a couple picoseconds.

I was suggesting that there may be a difference between the business done by NN and its stock price (for a while anyway).

Some traders may be more concerned about the impact of a falling Canadian $ on their stock's value than on the improved competitive position of the company involved. Certainly, having costs in Canadian $ while selling in US $ will be very nice for balance sheets.

In the analyst world where Tom Kurlak is able to predict what was in last week's newspaper, this strength of NN may have escaped them. ...especially those who whine that NN's recent orders are already included in what they've been told by the company. This is why Analysts get paid the big bucks! Give me a break.

FWIW,
Ian.
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