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

To: Claude Robitaille who wrote (3836)	3/20/1998 10:54:00 AM
From: Claude Robitaille	Read Replies (1) \| Respond to of 18016

Post says rival wins contract Newbridge Networks Corporation NNC Shares issued 173,670,862 Mar 19 close $38.85 Fri 20 Mar 98 In the News The Financial Post reports in its Friday edition that shares of Newbridge Networks fell on Thursday on news it did not win a supply contract with Deutsche Telekom AG. Reporter Jill Vardy says, however, that the stock partly recovered as word got out the deal was not one the company or its analysts consider key to the future of its asynchronous transfer mode business. The contract, which went to competitor Fore Systems, was described by Newbridge as a "recycled reseller agreement" that allows Deutsche Telekom to sell Fore's ATM switch to its customers. The German company has a similar deal with Northern Telecom. It was not one of several major ATM contracts due to be awarded by Deutsche Telekom, Cable & Wireless PLC and other major telecommunications companies in the months to come. Still, it rattled markets, which drove Newbridge stock down in Toronto and New York. The shares fell sharply but recovered toward the end of the day, to close at $38.85, down $2 in Toronto. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Claude Robitaille who wrote (3836)	3/20/1998 11:04:00 AM
From: Tunica Albuginea	Respond to of 18016

Claude, no trading in NN for the past 1 hour!!! I think everybody is watching !! The Messrs Woo and Stewart were hoping that NN would drop so that their clients who missed it could buy it back IMO. It ain't happening looks like. Old NN fans are holding on to their shares. I think Institutions will start buying it back slowly so as not to agitate the price and cause people to stampede in it again nd raise the price again; but if nobody sells, volume will be low, TA