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

To: Anthony Ostroski who wrote (2524)	12/3/1997 9:21:00 PM
From: nick cash	Read Replies (3) \| Respond to of 18016

it's pretty difficult to say w/any conviction where it will go tomorrow of course but 42 is VERY critical support. if it breaks 42, it's straight to 35 as i see the charts. if it hold 42, then we will have even stronger support there and a base from which to build from. i do not believe nn can rally w/out some really good news releases. from my info, they are in a very good position w/regards to getting significant biz out of ntt which is contrary to what some (including some analyst's) believe esp. since cscc/asnd has implied that they got the whole thing which is ridiculous. a release about ntt w/a defined $ amount in the $100's of millions would obviously do the trick. additionally, nn has been quietly forming a better relationship w/at & t. they have been in join project for over a year now and t has purchased over $15mm of 36170's. there is the potential for this to turn into something very substantial too. obviously nothing is a done deal til, well.........til it's a done deal!! timing of these deals (if they come to pass) being revealed in a press release could be any time in the next 6 months so it's tough to base short term decisions on such things given the technically precarious position nn's stock price is in now. btw, i have not added back to my position since i posted that i sold a couple of months ago (i wish i had sold all of it). as far as today's release about the enterprise biz-i am disappointed. i see NO reason to put out a wishy-washy press release that says nothing. all it did for me was to tell me that they have no idea what they are going to do-doesn't exactly inspire confidence. a stupid move from a pr perspective-i'm pretty sure it didn't impress any analysts and more likely made them more wary as it has done for me. i will tell them as much (i've never been one to hold back my opinion as some of you know) when i speak w/nn again this week. all imo only....nick

To: Anthony Ostroski who wrote (2524)	12/4/1997 11:54:00 AM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 18016

Anthony Ostroski ,Re:" IMO ,NN will break support where it is now (43) and find itself 30-35 ; as opposed to say a 45-50 trade range.". You have a good point.This morning I got out at 43.5. Even though a long term investor I think will do well buying NN at the current prices ( i always think of NN as a premiere networker ),as a trader I perceive near term instability primarily because NN's near term profit margins may come under pressure because of : -Asia-Japan scenario and because of overall market conditions. - NN's hefty PE of ? 35. - Japan's economy being stalled, Europe retrenching so as to join Europ Commun Market, the Telecoms fighting turf wars rather than worrying about upgrading equip, may cut into new orders. - US Telecom Bill complicating rather than simplifying and opening up competition. - AT&T is now downsizing, cutting costs as near term priority one, under new CEO Armstrong. .UB acquisition was good in terms of their large installed customer base but they need time to digest it. The most worrisome to me near term aspect is Japan. Yesterday the Wall St Jour mentioned that the only thing that can jumpstart their economy again is cutting taxes so the Japanese people can have more buiyng power; a la Ronald Reagan in 1981.All other options are unworkable.My concern is that Japan's governing "intelligentsia" lacks R.Reagan's visionary "supply-side economics" which has put the USA in No 1 spot.And that they will thus flounder and drag the market down.