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

To: pat mudge who wrote (14381)	11/6/1999 6:23:00 PM
From: ubrx	Respond to of 18016

Pat, Thanks for the detailed reply. You are a class act. I admire your guts for staying around the thread and cordially answering questions even though you undoubtedly took a big hit on this one. Of course, hindsight is 20/20 and no one picks winners everytime. I wish you better luck in the future. Going forward I wonder what TM will have to say on the 18th of November? Jim

To: pat mudge who wrote (14381)	11/7/1999 10:35:00 AM
From: Glenn McDougall	Read Replies (2) \| Respond to of 18016

<<Anyone who went to the AGM had to believe the company was tracking well. The only crack in the dike I could see was the tension between TM and AL. But being Pollyanna, I wrote it off as a personality difference. I'd welcome anyone who attended to tell how they saw it. Was I alone in seeing only the bright side? Did anyone else hear any comments about increased threats of competition? Increased pressure from larger players? How about employees, did any of you know all was not well between top management? Did you know sales were slipping? And even now, how big is the chasm between promise and fulfillment?>> I attended the AGM, as you know along with Nick, ZO and yourself. At the time I thought it was one of the best AGM's that NN has had in a long time. Very upbeat, senior management very accessible, open and positive. With 3dsl, wireless and the 50/320 prospects for the company looked better than ever. As if that was not enough contracts for ~850 million U.S. (when everything is counted) were released at the AGM. I left the meetings convinced that my investment in the company was not only safe but also about to grow substantially. As the share price started moving down due to what I thought was a misinformed (?) FIDO the only conclusion to draw was what a great time to add more NN shares to my portfolio. FIDO wanted to dump (the assumption that I made was October was the end of year for the fund and this was a portfolio adjustment due to the stocks poor performance) and I for one would be quite happy to pick up some cheap NN stock. Everything from the company pointed to a Q that imo had to be met and would be. That was two weeks prior to the end of the quarter. I have sold 1/3 of my Newbridge shares. Alan is gone and so be it you cannot run a company on excuses. Flynn from what I understand is a diamond in the rough, young quick decisive a real team leader and someone who will fight like hell and not give up. Perhaps that is what the board and Terry likes so much about the fellow. I expect major changes to occur by the 18th of the month and so they should. I as many other investors did not know the level of displeasure of many employees over the last year. The employees are the lifeblood of the company and they have done their job with few exceptions. The U.S. sales & marketing group has a lot of explaining to do, heads should roll. I was told that Terry and Pierce had a meeting with employees in Kanata after the CC and many left the meeting feeling better about where the company is going. I expect more senior management changes will be announced on the 18th. My understanding is Lutz was hired to take the company to the next level, that being said the only way for that to be done was to increase the company's sales in the U.S. and we all know that did not occur. Regards, Glenn