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Technology Stocks : Newbridge Networks

NN 13.69

-2.5%

3:59 PM EST

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To: Glenn McDougall who wrote (9372)	2/5/1999 11:16:00 AM
From: Doug	Read Replies (2) of 18016

Anyone: A year ago when the new COO took over, NN had stated revenue would grow double in 3 yrs. At the time I had stated that tying Income growth to revenue was a doubtful hypothesis.. The current and next Quarter now clearly show that was true. Whilst it is possible to increase revenue,increasing Income is quite another matter. The income for the next Q is now lowered to 22c. This means margins are under pressure.That pressure will only increase with time. I would like to know what is the price target, matching income target and time frame during 99. Although I had correctly hedged at the peak in Jan, I had not anticipated such a large slide of C$17 from the peak.

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