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

To: micromike who wrote (2615)	12/19/1997 12:01:00 AM
From: kanta	Respond to of 18016

I think that regardless of the market direction -friday will be a positive day for NN and for their offshoot CROSSKEY SYSTEMS which traded on the NAsdaq on WED and TO on Thursday. The IPO for Crosskey was very strong and the stock has opened very nicely on initial trading(closed at $17 approx.) This should focus attention onto NNC and cuase investors to realize the bargain price it is trading at currently. I would guess a close of $53-55 on friday based on activity in Crosskey and Newbridge and looming annoucement of contract with British Telecom., the companies holdings in Crosskey, it's proceeds from it's sale of interest in Broadbands. The stampede seems to be over and value investors will jump in tomorrow and next week. We should soon see the $65 -70 range as per some analysts recommendations this week.