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Technology Stocks : Newbridge Networks
NN 12.64+3.2%Nov 14 9:30 AM EST
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To: Serge Collins who wrote (10345)3/16/1999 7:20:00 PM
From: Peppe  Read Replies (1) of 18016
 
Serge,

There are several NN bulls on this thread that can do a much better job than I can to explain why NN is such a great company. I'll let Pat, Ian or ZO tackle that one.

From a pure technical perspective, the stock has clearly turned around. The stocks is being accumulated, the volume is good and the news in the near term will be positive. Negative news, like losing WIC, last quarters' earnings results and anticipation of G1 are clearly behind NN.

I expect the stock to run and beat the next 2 quarters' numbers, which should push NN back to $ 40 US. Throw in a take-over rumor, another significant win (like G1) and the upside is impressive in a market full of over-priced stocks.

Cheers,

Peppe
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