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Technology Stocks : Newbridge Networks
NN 13.69-2.5%Dec 2 3:59 PM EST
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To: Maple Leaf who wrote (8427)12/10/1998 7:53:00 AM
From: Glenn McDougall  Read Replies (2) of 18016
 
To: Peppe (8422 )
<< <That has to be the understatement of the week. I think there is a huge problem with
NN and it was outlined today in the Cambrian sell-out to Nortel.>
( Sorry, Don't know how to work italics on this thing )

Peppe,

Let's not forget that shortly after NN sold Broadband to Nortel they won 2 contracts
for Wireless based on Broadbands technology.

So although some may think that NN sold out prematurely, I think that there was likely
a method in there madness.>>

Newbridge is making moves and if anyone thinks this is a end move (selling Cambrian) their nuts. The last thing Terry needs is another $72 million US. This has to be part of a overall strategy that we have not seen fully unfold. I for one expect a number of announcements pre Christmas from the company. One would only sell a jewel if a bigger one could be had. We must give the boys Terry and Alan some credit and slack, the chess game can not be over yet. By the way the employees of Cambrian end up with between $30 to $45 Million US out of this, good for them. Newbridge ends up with $120 Million US, thanks to the hard work of the Cambrian employees, to add to their war chest and I expect the war to start sooner rather than later. If everything goes according to plan (my guess is still LU) we will be on the winning side.
I will be BUYING shares today.
Regards
Glenn
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