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

To: Brian Hutcheson who wrote (3853)	3/22/1998 4:11:00 PM
From: Thomas Scharf	Respond to of 18016

>It also has outstanding buyout possibilities < WRONG! The buyout possibilities approach ZERO as long as TM controls anything like his current 24% of the stock. I like it that way. A buyout is a quick profit for the traders that destroys a great long term investment for those who do their research and plan to hold stocks for the long term. After a buyout, you end up holding shares in an entirely different company, usually with lesser upside potential. You are left with the choice of staying with an investment in a company you didn't choose, or selling, paying the resulting taxes, and finding a new place to put what remains of your money. NN is a pure play in a specific technology with a great management team. What do you have after a takeover by oh, let's say LU? Can you define LU? They are in so many businesses that you can't really say whether you are investing in internet infrastructure or semiconductor manufacturing or any of 20 other segments of high tech industry that LU competes in. On top of that, LU has the legacy of ATT management which means slow decision making and always lagging the market with new products rather than leading the pack (the old Bell Labs created lots of new technology, but they didn't deploy it very aggressively). The upshot is that you own a company that belongs in a much more conservative portfolio than what you started with.

To: Brian Hutcheson who wrote (3853)	3/22/1998 4:12:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

congratulations , that was the longest post I have seen on SI Seriously though , it contained some excellent information on the merging of ATM and legacy voice networks . Brian -- I'm reminded of what E.B. White wrote to a friend by way of apologizing for the length of his letter: "If I had more time, I'd make it shorter." It's the same here on SI. When I post a pile of information as I did in the SS7 post, it's for lack of time (and expertise) to condense it. A year or so ago someone who'd been away on vacation returned and had the audacity to ask if I'd summarize what had been said over the prior two weeks. Now that would be service, wouldn't it. :)) I guess we all know it's catch as catch can here where we all participate as volunteers. Besides integrity, humor is a key component. As for NN's buyout potential, I think you're right. I do wonder about Terence Matthews' desire to be owned ---- but I suspect if the price and terms were right. . . Later -- Pat