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

To: reg who wrote (2565)	12/12/1997 8:14:00 PM
From: Roman	Read Replies (1) \| Respond to of 18016

Why would you think mid thirties, also in Canadian funds. Would not that be a little bid too pesimistic. Regardless of disappointment in earnings and asian crisis which if were to have any impact, would result in only in a fraction of 19% of NNC revenue. If I am not mistaken, that's how much NNC does business in asia. Besides, they deal primarly with China, where economy is not at all in terrible shape. There is still some growth in this company, I see that R & D expense almost doubled from privous 6 month period (which in fact has an impact on earnings, but leaves some space for revenue improvement). I might be wrong, hey I thought that it would never go beyond 60 mark, simple because one of the Merill Lynch VPs thought it would be a bottom price. Luckely, I have hedged my investment by some 17 percent, which wont's do much help if your predictions come true. Here is an article, back from mid Novemeber, perhaps it would help to evaluate current situation, whether or not we, as investors, are overreacting a little bid or ... ----------------- The Financial Post reports in Sonita Horvitch's Buy & Sell column in its Friday edition that international portfolio manager and technology specialist Ian Ainsworth, v-p at Toronto-based Altamira Management, is sticking to specific areas of the North American technology sector in light of uncertainties in Asia. Mr Ainsworth's Altamira Science and Technology Fund is emphasizing companies specializing in wide area networks, as well as biotechnology and "an eclectic mix" of software companies. His top Canadian pick is Newbridge Networks, recently $65.50 with a 52-week range of $95 to $35.75. Based in Kanata, Ontario, the company designs, manufactures, markets and services products used as components in communications networks. Newbridge is a recognized leader in new technologies for wide area networks. Mr Ainsworth says the investment community has been focusing on the negatives surrounding the company. Newbridge has had a difficult time integrating a recent takeover and there has been a slowdown in one business area relating to high-speed communications linking companies to networks. The stock has come off sharply as a result and Mr Ainsworth would use this as an opportunity to buy "a major company with a leading technology." --------------- By the way, what is the curret P/E ratio. I assume that if company experiences 0 growth, it would be aroun 49.5/(.33 x 4) = 37.5 Am I right or wrong. If growth factor is added, numbers look even better.

To: reg who wrote (2565)	12/12/1997 8:17:00 PM
From: Steven Fischer	Read Replies (1) \| Respond to of 18016

I think everyone is -including mutuals- are either locking in profits , or running scared. For the common investor, like myself, I am holding and not being shaken. NN has only around 10% dealings with the asian market, which by far is not the whole shot. As for falling stock price , it is now undervalued. I looked at my portfollio today and I am hurting big time; however ,I am prepared to hold for years ,if need be. So let those fools sell at a loss and create further panic, for every seller there is a buyer(those big fat cats!) a skinney tom.... -Steve

To: reg who wrote (2565)	12/13/1997 10:54:00 PM
From: randy kay	Respond to of 18016

Reg, Don't bother saying anything negative on this thread, nobody will listen to you. I tried to tell people to hold off buying at the $65 CND level but all I heard was rah rah rah. The uptrend was great a while back but 'the trend is your friend' and the trend has been pretty damned horrible for a while now. I just closed out my puts last week. When I bought them, even the person I spoke to at the discount broker I use said "I hope you know that if you buy these puts you are saying NN will drop to $47.50", well duh! Anyway, just goes to show you, you're in the dog house when you go against the darling. Randy