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

To: jeff greene who wrote (13472)	9/29/1999 12:51:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

At the end of the Merrill Lynch paper I notice Sept 29 presentation by Newbridge to ML Canada. Should be interesting. Regards Glenn P.S. Thanks for the report Jeff.

To: jeff greene who wrote (13472)	9/29/1999 11:16:00 AM
From: Ian@SI	Read Replies (1) \| Respond to of 18016

Some interesting numbers on the summary page... It appears that there's a huge amount of upside to Merrill's estimate. And Merrill isn't that far off the consensus. IMO, this bodes rather well for NN as revisions or surprises would tend to be to the upside. ++++++++++ Estimates (Apr) 1999A 2000E 2001E EPS: $0.91 $1.30 $2.02 P/E: 42.3x 29.6x 19.1x EPS Change(YoY): 42.9% 55.4% Consensus EPS: $1.37 $2.00 (First Call: 20-Sept-1999) Book Value/Share (Apr-1999): C$8.49 ROE 2000E Average: 11.5% Est. 5 Year EPS Growth: 20.0% Investment Highlights: · Is time to re-consider Newbridge? Yesterday the company announced several significant contracts and held an upbeat analyst meeting. · This improves our confidence in the company's prospects and we would encourage investors with a higher risk tolerance to take a closer look. · However we are still waiting for at least one more quarter of in-line or better numbers as well as well as execution of the new product strategy before having a more favorable view of the stock.