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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 (8950)	1/11/1999 10:15:00 AM
From: Dennis R. Duke	Read Replies (1) of 18016

I divided the $16 billion by the outstanding shares and got the number I posted. Someone on Yahoo did the calculation and so I decided to do it independently and came up with the $73.75 number. The market will do what it wants. Heck, if they said ASND.com the market would probably run the price up to twice the expected offer. The article said that the current market value of ASND was $15.5 billion. An offer of $16 billion is only a 3.2% over that. That also jibes with the numbers I posted. Maybe they are adding the $150 million for the sale of the Stratus unit back to the Stratus management group. Actually that should be worth about 70 cents per share. Whatever, (-8 Dennis 8-)

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