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

To: Mephisto who wrote (2413)	11/6/1997 2:25:00 AM
From: Mephisto	Respond to of 18016

I'm happy to hear that Mr. Matthews is an optimisitc CEO. Would be want a CEO who wasn't excited about his company? We should cheer because:Peter Charbonneau, Newbridge's president and chief operating officer, said sales of Newbridge's flagship ATM switches jumped 50% in the second quarter and were five times higher than a year earlier. Analysts like Robert MacLellan of Dillon Read & Co. Inc. say sales of higher-margin items will eventually replace the lost UB product sales. Charbonneau agrees, suggesting the transition will be completed by the company's fourth quarter. I was very pleased that NN warned investors about the shortfall. It would be nice if other companies followed NN's example.

To: Mephisto who wrote (2413)	11/6/1997 6:16:00 AM
From: Buckeye	Read Replies (1) \| Respond to of 18016

I'm someone who didn't sell his NN north of $60 (or north of $55 for that matter) but I must confess to tiring of the analyst conspiracy theories as well. The fact is on all threads whenever an analyst makes a mistake (and some of them are beauties) it's immediately documented by the "Wall Street is worthless crowd". However, on any of these threads when do you ever see praise for an analyst when he/she is right? The fact is that the best money mgrs. use analysts as a conduit to mgmt., nothing more, nothing less. Good analysts have unmatched access to senior mgmt. and can be useful in that regard. Also when a good analyst (I've never heard of the guy at J.P. Morgan securities) gets torched it's a likely sign of mgmt. disinformation which needs to be considered.