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Technology Stocks : Newbridge Networks
NN 12.54+6.0%Nov 7 9:30 AM EST
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To: Ian@SI who wrote (8030)11/27/1998 6:56:00 PM
From: Serge Collins  Read Replies (1) of 18016
 
There are many positive converging factors that will propel Newbridge higher over the next few months, but I think the inclusion of Newbridge in the new TSE/S&P 60 Index, if it happens, will be a very big development.

Right now, Newbridge is a part of the TSE 300 Index but not the 35 or 100. The TSE 300 Index will remain but the new index 60 index will replace the 35 and 100 indexes. All institutions that do index managing will have to buy Newbridge if they don't already own it. This will be particularly true of foreign money managers who more than likely don't own the stock already.

The new index composition will be announced in early December.
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