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Technology Stocks : Newbridge Networks

NN 11.36

-9.3%

Nov 20 3:59 PM EST

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To: pat mudge who wrote (8955)	1/11/1999 4:30:00 PM
From: Dennis R. Duke	Read Replies (1) of 18016

If you look at the following, they all made a great deal of money on those options exercised and sold. Michael got a double (profit of over $800,000), Mory got over 8.5 times his investment. All within a few minutes. If they needed the cash, they probably knew they would not get it from LU. It is hard to walk into the store with LU certificates and buy anything. biz.yahoo.com Dilute the shareholders with option shares and take the money out of the market. It is the game that made me leave ASND. For them not to continue to play it would have been a dead give away that LU could be on the horizon. So, IMHO, their choice was simple, take a sure thing, in cash at fanastic gains, or wait for a maybe thing called LU stock certificates. Their quarterly appetite for cash has been a historic fact. Later, Dennis

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