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To: Sonny McWilliams who wrote (12761)	11/4/1997 3:35:00 AM
From: Sonny McWilliams	Respond to of 27012

All. Hm. hONG kONG down almost 5%. Taiwan and Japan up. Hope Hong Kong doesn't spoil the party today. Maybe they will get a 23 bill.dollar infusion like Indonesia. Indonesia is up today. So a cpl. (23) bill. here and there help? gg . I could use an infusion - it would help my balance sheet go to previous high. Good night Sonny

To: Sonny McWilliams who wrote (12761)	11/4/1997 11:01:00 AM
From: Sonki	Read Replies (1) \| Respond to of 27012

sonny, add NN to a company who did not warn and let stock rise the day before earning. Also lets down grade JP Morgan for upgradeing NN NEWBRIDGE NETWORKS CORP. (NN) 58 1/4 CLOSED. One day after its stock rose $5 1/4, shares of networking concern are expected to come under selling pressure today as the company is warning about its fiscal 2Q results. According to the manufacturer of computer networking products, it expects 2Q earnings to be 10% to 15% below its fiscal 1Q net of $0.26 a share in U.S. dollars. Hence, Newbridge expects 2Q earnings between $0.22 and $0.23, well below the First Call consensus of $0.31 a share, versus year-ago net of $0.26 a share. According to Newbridge, revenues for the 2Q are expected to be about equal with 1Q level of $434.74 million Canadian dollars. Newbridge said that while revenues from its frame relay and asynchronous transfer mode (ATM) systems are expected to show a sequential increase of about 15%, revenue from its time division multiplexer unit is projected to be flat sequentially and cause the lower than projected earnings results. The news of its earnings shortfall comes one day after JP Morgan Securities made positive comments about this issue and rated the stock a "buy." The firm also set a price target of $70 a share, which at the moment seems very far away as the stock is currently quoted in pre-open at around $50 a share. Thus, the negative news that will depress this stock this morning, coupled with the downgrades that are likely to follow, could easily spill-over into other networking stocks as Cisco Systems (CSCO 84 3/4) and 3Com (COMS 43 7/16) are expected to open lower on sympathy with Newbridge. Investors were already expected to be nervous about the networkers today as Cisco is scheduled to reports fiscal 1Q earnings after the close today. The earnings warning only adds to the nervous sentiment.