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

To: Glenn McDougall who wrote (12983)8/25/1999 1:16:00 PM
From: gbh  Read Replies (2) | Respond to of 18016
 
Not what I might expect after a pretty good quarter.

"S&P Reiterates Avoid on Newbridge Networks Shares"
personalwealth.com
Standard & Poor's reiterated its 2 STARS (avoid) recommendation on shares
of Newbridge Networks (NYSE: NN - news) despite the company reporting better
than expected fiscal 2000 (Apr.) earnings per share of US$0.18, before
non-recurring gains and charges. S&P analyst Mark Cavallone says the
results were aided by a stronger Canadian dollar, orders that slipped
from the fourth quarter, and management's conservative guidance after the
prior quarter's preannouncement. Word on the Street brings you comments
every trading day from Wall Street's top equity analysts on stocks or
industries that are moving significantly.



To: Glenn McDougall who wrote (12983)8/25/1999 1:25:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 18016
 
Glenn,

One should remember that most CNBC employee talking heads are there for their pretty faces and ability to read a teleprompter not for their understanding of stocks or the Internet.

I strongly suspect that they have taken the phrase "IP Equipment Maker" and bastardized it into "an Internet based equipment vendor". Their phrase is close to nonsense but not quite all the way there.

FWIW,
Ian.


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