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


To: Glenn McDougall who wrote (13488)9/30/1999 9:17:00 AM
From: zbyslaw owczarczyk  Respond to of 18016
 
Glenn,my guess it is arbitrage.They can not push below 24, b/c in theory(only) deal can be call off, and they bought STII at 27-28 level.
STII is above 30, so nobody thinks that the deal will not go through.
Lower NN price,more shares of NN they will get.
Stil, I think it is to small amount of shares(STII has overall 13 millions)to effect NN price over the next several week.

Zbyslaw

Zbyslaw