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Technology Stocks : Newbridge Networks
NN 11.36-9.3%Nov 20 3:59 PM EST
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To: Serge Collins who wrote (7405)11/17/1998 11:59:00 AM
From: Serge Collins  Read Replies (1) of 18016
 
OK, I'll go out on a limb and say that the Fed will hold rates unchanged. Why? For the following reasons:

1. Asia and South America are showing signs of improvement.
2. The risks of default with certain hedge funds has abated.
3. The Fed has a bias towards inflation fighting and that hasn't changed.
4. The U.S. economy remains relatively strong.

So the news this afternoon will read--Fed holds rates unchanged.

P.S. Newbridge can use a rate cut, the stock is not performing well lately. Investors are taking a wait and see attitude with respect to the upcoming earnings.
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