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

To: Chris Stovin who wrote (2438)	11/9/1997 1:25:00 AM
From: David Wang	Respond to of 18016

Canada NBN news interviewed an analyst(forgot name)last Thursday, who mentioned Newbridge network at low 60's is a buying opportunity. This might be the reason. David

To: Chris Stovin who wrote (2438)	11/9/1997 10:57:00 AM
From: randy kay	Respond to of 18016

Chris, I am not too concerned with the day to day movement of NN at the moment. Every time NN has fallen to it's 200 DMA (It is nearly there now) it has fallen through by about $5.00 US and stayed there for at least a week and consolidated. Based on the past, I would 'guess' that it should show support in the $40 US area (about $56 Canadian). The company is releasing financials on (about) Nov. 25 so that gives it some time to level out and form support. I think any bad news will be factored in by then. I want to see how it acts near option expiration (Nov. 21st). I just can't see why it should go rocketing up over the next two weeks given what we all know. Another factor of course is that the market is jumpy so any movement will be exaggerated. Randy

To: Chris Stovin who wrote (2438)	11/10/1997 7:32:00 AM
From: Mohamed Abdolell	Read Replies (1) \| Respond to of 18016

Maybe this has something to do with the late price surge on Friday ... ------------------------------------------------- Journal says Latin pact played to advantage Newbridge Networks Corporation NNC Shares issued 173,670,862 Nov 6 close $63.65 Fri 7 Nov 97 In the News The Wall Street Journal reports in its Friday edition that as the US debates its trade strategy for Latin America, a different trading partner is stepping up its own bid to compete in the area. Reporter John Urquhart says that Canada this spring became the first of the Group of Seven industrialized countries to conclude a free-trade pact with Chile. Cisco Systems' Canadian competitors, such as Newbridge Networks, are making inroads into Latin American markets. Newbridge recently installed a high-speed communications network in Chile. Newbridge president Peter Charbonneau says that removal of Chile's tariff from most Canadian goods is making the company much more competitive for future business. The Canadian-Chilean accord, which went into effect in July, is already helping Canadian businesses seal deals at the expense of the US. Now Canada is angling for a preferential trade arrangement with the region's biggest trade group, Mercosur, which links Brazil, Argentina, Uruguay and Paraguay. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com