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Technology Stocks : Newbridge Networks
NN 12.73+1.0%3:59 PM EST
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To: Peppe who wrote (10445)3/22/1999 11:55:00 AM
From: zbyslaw owczarczyk  Read Replies (1) of 18016
 
Peppe, talking about 1bil you have mentioned. Remember that the only reason NN will spend only big part of 1 bil is that NN is buying affiliates which are already own in part by NN (30-40%), NN has already been working for many years on programs, so they put quite a lot of money,and by having already big part of affiliates they are buying, NN has also control over the final price.
If they were buying from scretch, the price would be 2-3 time higher.
This should tell us how brilliant was Terry idea of having affiliates.

Zbyslaw
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