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Technology Stocks : Newbridge Networks

NN 13.98

+0.9%

Nov 26 3:59 PM EST

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To: pat mudge who wrote (7004)	10/15/1998 1:36:00 PM
From: Bron-y-aur	Read Replies (1) of 18016

a contributing factor to nn pop today?? briefing.com: 12:54 ET Fore Systems (FORE) 11 1/2 +1 1/16 (+10%) Networking equipment maker's shares being lifted by a Needham & Co initial "strong buy" rating; notes stock has fallen precipitously, despite increasing demand for company's products. Volume 2.6 mln vs avg daily turnover of 2.75 mln; intraday range 10 7/16 to 11 3/4. Estimates: 1998= $0.47 (vs $0.35 in 1997), 1999= $0.75 (P/E 15), 5-yr growth rate 30%.

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