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

To: Robert Lumb who wrote (13621)	10/13/1999 1:19:00 AM
From: pat mudge	Respond to of 18016

In view of today's action do we know how sales are tracking this quarter? Any word from the company? When I spoke with the company today that was my first concern. Orders are tracking well. They know what they have to do to regain confidence with the Street and they're on target to do it. As for FMR, bears will say they're selling more, bulls will say they're adding now that the quarter is over. Either is equally valid. Truth is FMR had reason to sell at the end of the quarter --- their investment was in the red --- now they have reason to buy. Several mentioned the stock lacked buyers during the drop in the afternoon. I would suggest they look at the over-all market and ask why anyone would buy into such weakness. Looking forward to better days. . . Pat