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Technology Stocks : Newbridge Networks
NN 12.64+3.2%Nov 14 9:30 AM EST
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To: lang who wrote (10432)3/22/1999 1:43:00 AM
From: Scripts  Read Replies (1) of 18016
 
Hi. My stock broker of some 20 years says that NNC has a history of failing to meet expectations. The stock is worth about C$40 and anything higher is because of the possibility of a take over. I assume-- but was not told -- that the news of NNC spending it's billion or so of cash on buying/controlling some other companies has reduced its value as a takeover and the price fell.
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