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

To: Doug who wrote (2943)	2/2/1998 7:14:00 PM
From: Jay Durell	Read Replies (3) \| Respond to of 18016

TIMBER !!!!! Newbridge just announced their preliminary earnings : 7 cents, analyst were expecting 29 cents. This baby gonna fall with the "thud" of an redwood tree. Lets hear some guesses for tommorrows opening.

To: Doug who wrote (2943)	2/2/1998 8:09:00 PM
From: Chet Mistry	Read Replies (1) \| Respond to of 18016

Short... .. Your intraday estimates seem quite optimistically (low) for tomorrow, and my trading partner and I would smile if it were to reach the mid-twenties, but we doubt that there will be a significant wave of shorting. My partner has built up a sizeable short position-and I'm responsible for covering 2/3 of it throughout tomorrow no matter what the price. (lookin for $30-even) Unfortunately for this trade, the markets seem positive and it won't move as far as it would if it traded on Naz and is further insulated by TSE. Question to the longs though: Why does $30 seem to be an attractive price to all? (analysts' guesses maybe?) What target prices are you looking for eventually? Prelim. revenue up 30% (Justifying what PE?), and coming revenue will be hurt by the stall in global markets....Doesn't seem terribly attractive... Later. Chet