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

To: pat mudge who wrote (12232)7/13/1999 5:01:00 PM
From: Rob Riordan  Read Replies (1) | Respond to of 18016
 
From Merrill Lynch

Newbridge Networks (NN, $26, C-3-2-9)
00e $0.86 01e $1.34

· Stock weak on negative comments from one of our competitors regarding the quarter.

· We have spoken to the company and they have not changed their outlook.

· Maintain our EPS estimate of $0.15 for the quarter and our Neutral/Accumulate rating.

(T. Astle)
Bulletin
United States
13 July 1999
Investor Support Intra-Day Special Notes
NN
RC#11219420
Special Note



To: pat mudge who wrote (12232)7/13/1999 5:17:00 PM
From: Mr.Fun  Read Replies (1) | Respond to of 18016
 
I talked to our RS salesperson, who faxed me a two pager. I can't give you verbatim - could get in trouble - but here's the gist:

Talked to management and other sources inside and outside the company

Concerned that revenue and earnings targets for FY2000 may be too aggressive, taking down his numbers

No details on specific contracts or breakdown by business segment


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