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Technology Stocks : Newbridge Networks

NN 13.98

+0.9%

Nov 26 3:59 PM EST

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To: pat mudge who wrote (9649)	2/14/1999 7:11:00 PM
From: Doug	Read Replies (2) of 18016

Pat: Surely, you must admit that this turn of events was a big surprise to you. With all the ATM reports in DEC, I expected the stock could reach the +C$60 by now. Most Analyst had previously predicted that ATM sales would have to ramp up for the decline in revenue. That was not new. What surprised most Investors, is that with the 35% growth you mention, they still fell short by 5c on a forecast of 22c. What is the revenue & more important the earnings from an extra 10%. As I do not know these answers, I am interested in knowing the answers to the puzzle & why the Street punished the stock so severely.

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