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

To: zbyslaw owczarczyk who wrote (15022)	11/23/1999 4:53:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

Stockholm, Nov. 23 (Bloomberg) -- Ericsson AB, the world's No. 3 maker of cellular phones, said it won't enter a bid to buy Newbridge Networks Corp., a Canadian maker of networking equipment that's considering a sale. ''As it stands now, we're not interested in buying Newbridge,'' Ericsson spokesman Gary Pinkham said. ''I don't know that we've ever been interested.'' Ericsson as recently as today has been mentioned as a possible suitor for Newbridge, which last week hired Morgan Stanley Dean Witter & Co. to explore options for its ailing business. Newbridge shares rose C$1.15 (US$0.78) to C$33.20. Ericsson's U.S. shares fell 5/8 to 47 1/4. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.

To: zbyslaw owczarczyk who wrote (15022)	11/23/1999 8:10:00 PM
From: gbh	Respond to of 18016

n such case b/b should be significantly less then one, but was slightly above one. ZO, don't put any credence in a company's stated book-to-bill. It means nothing, and is legally backed up by nothing. A company can state anything they want for this number. How much business is booked? This is laughable. Just a swag, at best. I would suggest ALL investors who don't already know how to read a balance sheet, take the time to learn. Also, make sure you listened to EVERY CC of stocks you own, and at least give a cursory reading (if not better) to every 10-Q a company files. But especially the balance sheet. Investors much too often become focused on the bottom line number. Manipulation of earnings is very common. The balance sheet can often give early guidance to the astute reader, and can often explain why a supposedly good quarter results in a dropping stock price. Good luck. Gary