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Technology Stocks : Newbridge Networks
NN 12.64+3.2%Nov 14 9:30 AM EST
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To: pat mudge who wrote (6737)9/29/1998 10:14:00 PM
From: Ian@SI  Read Replies (1) of 18016
 
Hi Pat,

Looks like another massive over reaction by the Street to old news. NT already announced that they're taking 3500 job cuts last week. It doesn't take a rocket scientist to guess that Revenues aren't likely to double.

After the close, they indicated that they will meet current analyst's estimates and that 1999 isn't a problem. (According to CBC Newsworld)

Hope your stocks recover tomorrow. Especially those which I also own. :-)

Ian.
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