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


To: Doug who wrote (17893)3/17/2000 3:35:00 PM
From: blaireo1  Read Replies (2) | Respond to of 18016
 
I think we have to remember that if the ALA deal was not made, NN would likely be trading in the very low 20's. The lack of safety measures to guard the purchase price probably illustrates what a poor negotiating position NN was in. They only beat the street in their last earnings by a couple of cents after intense rumours (probably started by company execs.)that they were going to blow away the quarter. They had to make a deal and they apparently had only one suitor.

...low $30's looks pretty good compared to the alternative.

Blaireo



To: Doug who wrote (17893)3/17/2000 5:52:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 18016
 
Not to mention the Paris 5-1 stock split that will put the ADR at parity with the stock. The attitude of many here really surpises me. ALA bails out NN shareholders, and NN shareholders complain about what NN has done to ALA...unbelievable. The way some of these guys talk, you might imagine that someone else would offer to pay more.

sf



To: Doug who wrote (17893)3/17/2000 8:55:00 PM
From: Bob Howarth  Respond to of 18016
 
Doug, guess you were right, and I was definitely wrong. I had a much longer post, but will spare you and the thread my frustrations, suspicions, and criticisms concerning how poor a job the investment banker did on this deal, for NN shareholders. I believe that NN on its own could have achieved mid 30's in Y2000, and I am skeptical that ALA at .81 will do the same.