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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (11994)	6/23/1999 4:32:00 PM
From: Rob Riordan	Read Replies (1) \| Respond to of 18016

WT - I suspect that today's action was more "day trader" oriented than a vote of no confidence. I suspect the stock's run-up these past few days was by some traders expecting a takeover/major contract win. When this news hit it kind of dampened the takeover fervor and I think the short term traders left. Time will tell. Rob PS Weren't the chartists telling us the future was bright just two days ago?

To: WTSherman who wrote (11994)	6/23/1999 4:59:00 PM
From: larry pollock	Read Replies (1) \| Respond to of 18016

Kearns Capital downgraded NN to "accumulate" from "buy." Merril Lynch maintained "near-term neutral," and a "long-term accumulate" ratings. On the other hand, BancBoston reiterated a "buy" rating. While I'm not evaluating the reputations of any of the above firms/ratings, all three firms probably listened to the conference call. Everything comes down to consistency of execution and credibility, and, for the time being, NN just does not cut it.