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Technology Stocks : Newbridge Networks

NN 12.96

+8.3%

Nov 24 3:59 PM EST

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To: Peppe who wrote (7078)	10/21/1998 9:51:00 PM
From: Glenn McDougall	Read Replies (1) of 18016

<Today was a block-buster day for NN. The DT and the LMDS win should have made a HUGE impact on this stock. If some one had shown me today's announcement yesterday, I would have put all I own in this stock in anticipation of a huge gain. Why do you think the market hasn't responded ? Is the DT deal old news ? (I don't think it is .)> Siemens has a long standing relationship with DT so perhaps some people thought that Siemens / Newbridge would win the contract. This bodes well for the upcoming Global One (DT, FT and Sprint) contact that NN has a bid on. If they win this it might be the largest contract NN has ever won. A LMDS win in the U.S. also was mentioned at the AGM. The share price cannot reflect what the company is doing given the last 6 months of business. Earnings are out in 4-5 weeks from now and this may be the kick the company needs to get the stock price moving. To my knowledge no one on the street included a DT or LMDS wins in their models for NN. Are there just too many other things going on ? Sure their are lots of earnings and press releases but that can't explain the muted reaction the street had. The share price has moved up in the last 2 weeks with the rest of the market. NN now is like a spring that gets wound tighter and tighter. When we get a bounce it could be a doozy. HANG ON! Regards Glenn

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