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: Daniel who wrote (17936)	3/27/2000 5:15:00 PM
From: Chris	Read Replies (1) \| Respond to of 18016

I spoke to Newbridge Investor Relations this afternoon to try to learn when I could sell Alcatel shares. Sorry her name escapes me. I was advised that an information package would be mailed out during the 3rd week of April to all share holders of record as of (date?). I didn't write down date as I already have shares. This package is purported to answer all questions. Assuming that the shareholders meeting planned for 16 May proceeds and approves the take-over, then one should be able to sell Alcatel shares about a week later - said she. Today, NNC is hitting $51Cdn. Alcatel is trading around $49.50US. At .81 this values an NNC share @ $40.10US or ~ $58CDN. It seems than that selling today vice end May costs me at least $7 per share CDN - everything else being equal. I need cash, but don't want to throw away almost 15% more profit which can be had by waiting 8 wks. So, fellow threadsters, is there high confidence that an NNC share will be worth upwards of $60CDN by end May, or will Alcatel drop, at least for a while, keeping the worth of that share at around it's current price???