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

To: nord who wrote (13627)	10/13/1999 8:00:00 AM
From: Peppe	Respond to of 18016

Thread, Fidelity needed to disclose that it no longer holds over 5% of NN stock in its fund in order to meet SEC regulation. From their current position of just under 5%, they can sell off the remainder of their shares without requiring any other statement. Should they be indeed buying more NN stock and plan to cross over the 5% mark of this particular fund, they would have to publicly file with the SEC again. I doubt this is the case. There are times when a fund sells a significant stake in a specific company for +ive reasons; typically this happens when a stock performs exceptionally well and represents too high a % of the total portfolio. Again, I doubt this is the case with NN and Fidelity. So now, the AGM is behind us, we've seen no new announcements of big contracts from Geneva and Fidelity is selling its NN shares. That's the brutal reality, folks, anyway you look at it. Arrivederci, for now... Peppe