Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Serge Collins who wrote (3082)	2/4/1998 4:05:00 PM
From: samson	Read Replies (3) \| Respond to of 18016

Serge- Your quote from Globe and Mail "The Globe and Mail reports today that many fund managers are planning to dump the stock in the next little while" I have not seen the article myself. However, if the fund managers are waiting for a while, are they expecting anything to happen? Most people do not wait till the price goes down to sell their stock. I am just wondering whether any fund or institutional investor has actually announced their plans.

To: Serge Collins who wrote (3082)	2/4/1998 4:53:00 PM
From: Mr. Bean	Read Replies (1) \| Respond to of 18016

Good observation Serge. 15% of all outstanding shares have been traded over the last two days. With TM's 25%, that makes 40%. Approx 60% remain untraded. If a fair chuck of these have yet to be traded then we are in for a good deal, plus the further down she goes the increased likelyhood of takeover looms. It will be a good time for averaging down for some and a new chance of ownership for others. Attempting to see the positive. Mr. Bean

To: Serge Collins who wrote (3082)	2/4/1998 11:18:00 PM
From: Mark Kubisz	Read Replies (1) \| Respond to of 18016

You are a LIAR. Either that or you can't read worth a crap. I tried to get a link to this story at the Globe's web site, but the article is not online. Therefore, for the benefit of those SI threaders who deserve the truth and not the disinformation that you are spreading, here are the passages of the article that are relevant to what fund managers may or may not be doing and what they are saying about it. I would retype the whole article but it is too long. The article was titled "CIBC fund dumped Newbridge before stock tanked" -"Most Canadian fund managers who have recently reported sizable holdings in Kanata, Ont.-based Newbridge couldn't be reached yesterday. Officials at McLean Budden Ltd. of Toronto refused to talk about the company. The money manager doesn't comment on its holdings, an official said." -"'I guess we're going to stick with it,' said Peter Marshall, whose Halifax-based $2-billion Seamark Asset Management Ltd. runs the $33-million Clarington Canadian Equity fund. The fund had 3.5 per cent of tis assets in Newbridge at the end of December. 'They still have a company and a very good one,' Mr. Marshall said." -"...Nancy Bendig, a senior portfolio manager with Value Line Inc. in New York. She runs the $90-million Hyperion Value Line Fund for Montreal-based Talvest Fund Management Inc., which had 3.6 per cent of its assets in Newbridge in September. The fund has not sold its shares, Ms. Bendig said, but it [may] have to because of Value Line's trading system, which takes the market action of a stock into account."