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Technology Stocks : Newbridge Networks
NN 12.60+0.7%3:59 PM EST
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To: Clay Takaya who wrote (9064)1/15/1999 12:39:00 PM
From: Ian@SI  Read Replies (2) of 18016
 
Clay,

I don't think that too many of us resist a nice, fat takeover premium.

Personally, I'd resist some sluggish, slow growing, mired in the past, equipment maker growing at 10% taking away this high growth with relatively low risk opportunity.

Perhaps, we just have different definitions of what we call a nice fat takeover premium. IMO, we're unlikely to get fair value short term given that NN has historically traded at about 1/2 the ratios that a CSCO or ASND did.

While CSCO clearly deserves a premium, I'm not quite so sure that ASND did.

And NN has already opened the doors to most major carriers globally. It's not as if it just had a great idea with no sales. It is a multi billion $ company. While I can't speak for you, to me a billion or so is still "real money". ;-)

Ian
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