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

To: pat mudge who wrote (13464)	9/28/1999 4:35:00 PM
From: Techplayer	Respond to of 18016

Pat, Very true. My concern is centered around his comments regarding going for the niche rather than head to head with the big guys. NN may not be COMS, but COMS adopted this strategy 2-3 years ago and look at where they have ended up. NN is in a higher margin market and will likely keep growing. Perhaps NN is positioning itself as a niche player so that LU, NT or CSCO will find value in a partnership or acquisition. Good luck, Brian

To: pat mudge who wrote (13464)	9/28/1999 5:12:00 PM
From: larry pollock	Read Replies (1) \| Respond to of 18016

Last Thursday, Newbridge Networks presumably put on its best face for a security analysts meeting and for shareholders. Also, several contract announcements were made. On that day, Yorkton Securities stated that they maintained a hold" rating. On Friday, Scotia Capital Markets maintained a "hold" rating; ABN AMRO maintained a "buy"; RBC Dominion maintained a "buy" rating; RBC Dominion maintained an "outperform" rating; CIBC World Markets reiterated a "strong buy" rating. After all was said and done, a mixed bag of analyst ratings, and I could not find any upgrades. Matthews can keep telling everyone that he's not afraid of a good fight, he can keep telling shareholders that Newbridge is "kicking butt." The bottom line is that shareholders are not being rewarded. Today, Nortel Networks announced new products "to handle massive bandwidth demands" over the internet. In a very unstable market, Nortel rose $2 to close at $50, a record close. If Nortel's management had the vision of a Matthews, Nortel would not be trading at record highs. If Cisco's management had the vision of a Matthews, Cisco would probably not be the giant that it is today. The same things can be said of Tellabs and Lucent. The ultimate report card that be given to any company is the stock price. No matter how you look at it, Matthews and company do not have high marks. Matthews and company have not produced results for shareholders.