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Technology Stocks : Newbridge Networks

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To: zbyslaw owczarczyk who wrote (6353)	9/3/1998 3:36:00 PM
From: Doug	Read Replies (1) of 18016

Z.O:Its the age of numbers from PIN to SIN. It is not customary to discuss pure volume w/o price. What is more the norm is momentum since it encapsulates both. Even on that basis, we did not fare much better. Your observation on the cost of the Salary Increase was astute.It was good of you to highlight that. I believe this has been their standard practice in years gone by. If so, they may have been bound by GAAP to continue the practice. However,I am not certain of this. The market has been in a bull run for some time and because of that NN had developed a high Beta. I think in negatively biased market conditions, the Beta for NN should drop. That might explain the reduction in daily interest. Regards.

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