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Technology Stocks : Newbridge Networks
NN 14.85+3.3%11:27 AM EST
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To: Caxton Rhodes who wrote (9832)2/24/1999 9:30:00 PM
From: Doug  Read Replies (1) of 18016
 
C.R: NN was up near 3% during the morning which is a measure of overnight sentiment. In the afternoon thanks to AG's testimony, the Bond auction was slow. This resulted in a Bond sell off for higher Bond yields. When the Bond yields spiked, the equity market sold off.My earlier message refers. Thereafter, NN sold down near 3% similar to the other Networkers including CSCO and Fore.

Its unfortunate that facts can be distorted. The Reuters clip does not represent the true picture of events. Whilst I have demanded better credibility from NN and tempered excessive bullishness, I must in fairness be equally alert& honest when the media has failed to portray the facts relevant to the issue.

I believe this is one such case.
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