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Technology Stocks : Newbridge Networks
NN 12.96+8.3%Nov 24 3:59 PM EST

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To: larry pollock who wrote (7073)10/22/1998 12:58:00 PM
From: Doug  Read Replies (1) of 18016
 
Larry: NN was in a downtrend only because it had not delivered. We were told that Sales were to increase to $5b by 2002. Todate, though 6 mths (12.5%) of that period is over, the Market is still waiting. Further, with time, competition will intensify. Therefore, income growth is not going to be easy. Also note that most Companies stumble in trying to make the transition from the +$1b to the next $5b level.

Based on current market conditions, if current earnings and revenue expectations are met, NN may be up a maximum of 4 to 5 pts on current price over a 5 mth period.

Any one with greater expectations may do better elsewhere.
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