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

To: pat mudge who wrote (13614)	10/12/1999 7:04:00 PM
From: larry pollock	Respond to of 18016

The Reuters article states that Fidelity had 10.262%, and now has 4.816%. Fidelity's shift to 4.816% is clearly a vote of no confidence. Furthermore, who knows what action is being taken with the remaining shares. The share price fell today, the rest of the investment world must have taken the news as Fidelity's vote of no confidence.

To: pat mudge who wrote (13614)	10/12/1999 9:22:00 PM
From: gbh	Read Replies (3) \| Respond to of 18016

The fact Fidelity kept half their position indicates they're still behind the management team. Pat, its certainly not clear that Fidelity has finished its selling. The fact that there were NO bidders on this stock today, at these prices, is disconcerting. I watched the price action much of the day, and it was brutal. Given the last earnings guidance that demand was strong, and the supply chain problems under control, one has to question why Fidelity would choose now to sell, given the length of time they have supported the company, and the fact that the payoff so near at hand. One thing is sure whether or not your view is long term or short (term). Another blown quarter will permanently put this stock below 20, and roll the heads of these execs. Gary

To: pat mudge who wrote (13614)	10/12/1999 10:07:00 PM
From: Robert Lumb	Read Replies (1) \| Respond to of 18016

Pat: In view of today's action do we know how sales are tracking this quarter? Any word from the company? Unfortunately I have to agree with those on this thread that if NN misses expectations this quarter things could get very ugly. Hoping for positive results! I do agree with you on the point that Fidelity is likely doing a little tiding up before the end of the quarter. Regards, Rob

To: pat mudge who wrote (13614)	10/13/1999 9:37:00 AM
From: WTSherman	Read Replies (2) \| Respond to of 18016

You're absolutely wrong. The fact Fidelity kept half their position indicates they're still behind the management team. If you were a fund manager and had to report your success to your clients, you'd tidy up at each quarter's close, right? Even fund managers have to justify their existence and coming in in the bottom quartile just won't do it. Pat, how can you possibly assert that someone is "absolutely wrong" for saying that Fidelity's sales of 1/2 their holdings doesn't reflect a lack of confidence in mgmt? I would suppose that its possible(though, only a very remote possibility) that they don't lack confidence, but, unless you personally know the fund managers and they have broken their confidentiality obligations in telling you something, how could you know this????? As for charts, this is the meaningful chart for me: techstocks.com