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

To: Bob Martin who wrote (2496)	11/26/1997 4:30:00 PM
From: Ed Frye	Read Replies (1) \| Respond to of 18016

No rush to the exits yet on NN --- down a buck and on moderate to low volume. I expected much worse despite the pre-warning. NN's PE makes it a sitting duck for bad news. Perhaps the company's comments that it may soon rid itself of the UB acquisition kept hope alive. No doubt the many great wins in ATM WAN also keeping people holding on. I know that's the only reason I'm still considering getting in. However, today's news that ATM WAN growth has slowed and that NN's market share is maxed at 24% have me leary. Moreover, today's price decline pentrated the 200 DMA to the downside w/o any bounce. Never a good sign. At least it wasn't on heavy volume. 50 DMA (now @55) turned negative a few weeks ago. Will NN jettison UB? Will that save the stock? Can ATM WAN growth carry them forward? It's tough to initiate a long position with these uncertanties at this multiple. I'd be happy to hear opposing views......ed