Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Doug who wrote (15397)	12/6/1999 5:59:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 18016

Doug, I understand completely. The CEO of a small cap I hold passed $10 a share from 2 and now it is back to the 2 range (thankfully I traded the hell out of it). He has only been there 18 months tops. He is holding on only due to ego and stupidity. TM was defeated by the mkt 18 months ago. NN is a great SMALL company in the ocean with big fish. The big fish will either swallow and hold him or he will end up as crap on the ocean floor. He can no longer compete. Not only is the share price and business model telling him that but his employees too. Soon we shall see if he bows to ego and stupidity or decides he has had his glory and it is time to move on as up is out of the question. Does his ego permit him to go out as a success or will he be forced to the bottom and look like a fool? I do not see his position as defeated now,,, he can change that by decideing to stay independent. In the mean time he is worth the gamble as anyone that can do what he did had to be a very intelligent person,, the question arises has time and stress taken the toll ........

To: Doug who wrote (15397)	12/6/1999 6:09:00 PM
From: James Calladine	Read Replies (2) \| Respond to of 18016

"FIXING" THE TM EGO: A situation in which such an ego might feel the impetus to change is: 1) You screw up in your delivery and you turn in a series of missed quarters and destroy NN financial credibility 2) By default you put your organization "in play" 3) First, you find yourself in a "friendly" takeover situation but you end up not liking the price or other details, so no offers come to fruition because of your opposition. Your Board and your management however may see it a different way. 4) You next find yourself in an "unfriendly" takeover situation but you are the only one who really wants to fight. 5) You fold, take your money and walk into whatever kind of a sunset you have organized. I think that although TM will push for the maximum number of dollars (for which I am grateful) but because of the high share prices of the potential acquiring companies, the cost of NN to them will ultimately be cheap. Myself, I would cheerfully exchange 1 NN for 1 NT. I don't need cash, marketable securities are fine! Best wishes, Jim