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

To: goldie who wrote (4108)	4/15/1998 12:07:00 PM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 18016

Off Topic, I don't think so: Goldie and everyone I apologize. I will not "HYPE" that penny stock here anymore. However I think you misinterpret my motives at least to some degree. Other than Glenn's response which I will reply to here no one has seen that there was significant material to discuss directly on topic concerning NN in my first post as well as all the others. You see what I was attempting to get at is this: I do believe that is may actually be easier for a CEO of a large company like NN to promote or even "hype" a stock than it is for one associated with a struggling company relegated to the NASDAQ pink slips. When Terry Matthews bragged about contracts yet to be announced to the Canadian press last fall as far as I am concerned that was "hype". Does that change my long term opinion of NN? Not in the least because he was not hyping the stock based on inaccurate facts just contracts, many of which remain unannounced. But at that time TM knew the company would not be able to meet analyst's earnings expectations. When small investor's called the company's IR department they were told little or nothing as analyst after analyst lowered earnings expectations. If they did hear anything it was good and avoided the central issue which was how were earnings going to turn out? Now as Glenn pointed all of the large ATM deals announced to date are 3 to 5 year deals that will guarantee we see revenue growth in the months and years ahead. Unfortunately NN still has problems with profit margins and in my opinion has for years. The sales mix is not yet to the point where we can safely say that will improve to any great degree. Is this factored into the stock's price? I think so and therefore I think NN is a reasonably good buy at these levels. The thing is that we all buy stocks for one reason and one reason only. To make money! Now I am not going to be climbing on a plane this year to attend the annual shareholder's meeting for NN. I would venture to say that almost none of us will. If we did would TM really answer our questions if we had guts enough to answer them? As for the T deal Glenn I am still reasonably certain that it will take place but NN has lost some of the business I thought they would get in this competitive market. Regards, Jeff