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Technology Stocks : Newbridge Networks
NN 13.85+6.9%Nov 25 3:59 PM EST
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To: larry pollock who wrote (7073)10/22/1998 2:05:00 PM
From: pat mudge  Read Replies (1) of 18016
 
As I posted on an earlier letter, NN has been around publicly, since 1989, and it seems that all NN is good for currently is takeover speculation at depressed prices.

Larry ---

I've talked to numerous NN employees over the past two days and certainly don't get the feeling anyone is sitting around waiting to be taken out. Quite the opposite. From what I see, this is a company wanting to stand on its own and be competitive in the growing converged voice/data equipment markets. I also had the privilege of talking to several analysts and large fund managers who've followed the company for far longer than I have, and the general feeling is that the company is moving from being product-oriented to being business-oriented. Analysts are looking for more linearity of earnings and for a public announcement on the GlobalOne RFP before upgrading.

I would hate to see NN become an earnings play and have to suffer the volatility that involves. I'll settle for consistent quarter-point days.

I can't tell you how many times I've heard positive comments on Alan and the new direction he's taking the company. They're being challenged on several fronts and the next few months will be critical in terms of contracts. I'll sleep better when the EVP for marketing is in place.

If you follow up and down moves on NN versus its competitors on a daily basis, you'll go nuts. Better to take a page from the analyst community and make a check-list of goals to be met and base your investment decisions on how well the company performs.

Just my take.

Pat
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