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Technology Stocks : TLAB info?

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To: Bretsky who wrote (5016)2/8/1999 10:01:00 PM
From: Mike  Read Replies (2) of 7342
 
Broker from Olde read me an analysis from their technical people concerning TLAB. They stated that an announcement from one of TLAB competitors ( Newbridge Networks?) had bad news in it. Sorry for the sketchy info but I was in a hurry when I was talking to the broker. But the announcement from Newbridge was something that could effect TLAB. It was concerning a slowdown in business going forward. Olde had discussions with TLAB to dispell this rumor but still effecting the stock. Does anyone have a handle on this one?

I am just trying to figure out what is driving this one down? Any comments or help?

Mike
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