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Technology Stocks : Newbridge Networks
NN 13.98+0.9%Nov 26 3:59 PM EST
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To: Serge Collins who wrote (6489)9/14/1998 4:16:00 PM
From: Doug  Read Replies (1) of 18016
 
S.C: NT and ALA are both down as they digest their acquisitions. The expectations of large write-offs and down-sizing are the principal causes. TLAB and CIEN have both been slammed and rightly so because of their inability to grow revenue commensurate with their PEG.

These stocks now have a PEG lower than NN and even look attractive on fundamentals. Strangely , Money managers are still not rushing to provide a support.

In view of the reduced PEG, other Networking Stocks especially ones with a volatile earnings history have been listless and trending down in a market that has been up near 200pts.
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