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Technology Stocks : Newbridge Networks
NN 13.59-4.0%Feb 5 3:59 PM EST
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To: zbyslaw owczarczyk who wrote (9884)2/27/1999 10:16:00 AM
From: micromike  Read Replies (1) of 18016
 
High-tech sector still going strong
canoe.ca
In the Canadian tech sector, Mr. Ainsworth has lightened his position in computer networking company, Newbridge Networks Corp. (NNC/TSE) $39.10 ($60.50- $23.85). The high-tech firm has had a number of earnings disappointments and recently lost a key wireless contract to main rival Cisco Systems Inc. "But there is a risk Newbridge could be taken over."
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I guess the take over speculation is still alive and well which hopefully will keep the price from falling too much before the next quarter which they better meet or beat or else things could get pretty ugly.

I think Alan has been very conservative about next quarter since he must realize this also.

JMHO
Mike
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