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

To: Robert Lumb who wrote (12575)	8/7/1999 4:28:00 PM
From: pat mudge	Read Replies (5) \| Respond to of 18016

Robt -- You're not alone in being discouraged. Even this Pollyanna has her moments of doubt. I still think current weakness is market-driven, not specific to NN. This morning I ran into a friend who's a consultant in the industry and his concern is with valuations. Since his experience is a lot longer than mine, he remembers when 15 was an exorbitant price to earnings. His idea of a speculative investment is Cisco or Lucent, so you see where he's coming from. Comparatively speaking, NN's a bargain. But what's ahead for the entire market? I'm still fully invested, and have never shorted anything in my life, so I'm obviously still bullish --- but with enough sense to look at the bigger picture (and to know nothing lasts forever). Wondering what others think --- Pat