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

To: gbh who wrote (13616)	10/12/1999 9:31:00 PM
From: jim	Respond to of 18016

Rolling heads would be good, maybe with the stock down to 15 it will attract a serious takeover bid at about 25 and then I'll have only lost 25% of my investment!!!!!!

To: gbh who wrote (13616)	10/12/1999 9:50:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

why Fidelity would choose now to sell Gary- Fidelity acquired major portion of NN in Q1 of 1999, after ASND/LU was announced.Then we had FORE aquisition. Could be that Fidelity had acquired so many shares hoping that NN will be bought? And after NN recently(June,July) stated that want to stay independent they decided to sell part of NN. Not so often Fidelity takes 10% position in a single company. What do you think? BTW,did you see that many NN?s ATM customers(C&W,IXC Comm.,e.spire) are choosing NT DWDM. I have not seen any contract from NT ATM switches from those customers. Looks like they like NT optical network combined with NN ATM platform. Zbyslaw

To: gbh who wrote (13616)	10/12/1999 9:52:00 PM
From: Rob Riordan	Respond to of 18016

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. Gary - I completely agree. The only real support was reached at 22.5 and even then I witnessed wave after wave of selling once the stock tried to rally from there. 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. Unfortunatly you are correct again. Seems to me that at some point management has to realize that if they can't reward shareholders long-term they are better off selling to a competitor. On a valuation basis alone, NN's forward earnings of close to $1/share would go along way for a CSCO, LU or NT whose PE's are up there. Not too many companies have a carrier class ATM switch so consolidating into another company that has one might help everyone's margins going forward. Shareholders might also get value for the affiliates in a sale. Perhaps this is more frustration on my part than anything else, but there seems to be a huge disconnect between investor expectation and market realities. I am willing to give current management another quarter, but if they fail to deliver, a sale might make the most sense for all. On the other hand, perhaps NN management is doing such a good job at managing expectations that everyone is so pessimistic on their outlook that they are selling. In this scenario we should be handsomely rewarded when they beat their Q2 guidance. Expecting the worst and hoping for the best. Rob