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

To: WTSherman who wrote (12490)	8/1/1999 1:31:00 PM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

<<If NN turns down a $45 offer it has a lot more to do with hubris and ego than with financial responsibility. If the current management wants to prove that they aren't the bumbling sort that the market makes them out to be I can easily see them saying no. I think that would be sad for everyone involved...>> WT, if the company feels that they are worth more than the $45 U.S. that has been purported then they would be doing shareholders (including Terry, Alan and the board members) a disservice. Financial responsibility cuts both ways and the board is the one who calls the shots. What would be sad is if the board decided to take the short term pop of a $45 U.S. offer if they believe the company is worth more in the long run? Regards Glenn