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

To: Mark Kubisz who wrote (4275)	4/27/1998 9:53:00 PM
From: michael	Read Replies (1) \| Respond to of 18016

With all due respect...as the nasdaq was climbing NN fell from 70 to 19. After the last few sessions, CSCO, COMS etc are no worse off today compared to 7 days ago...in fact some are up. NN is down $3.00 (11%) and falling. All I'm saying is...Wall ST will not forget how this company misled them for 4 quarters, and will probably do it again...so why buy this company when there are other companies who beat wall st estimates time after time. With Japan down over 300 at 10.00pm..I see a major correction tomorrow, with NN getting a real beating...say 23-24. If I am wrong, so be it...I have been shorting NN since it hit 30, and will cover my shorts when wall st starts to recognize this d..

To: Mark Kubisz who wrote (4275)	4/27/1998 9:57:00 PM
From: Glenn McDougall	Respond to of 18016

If this is a dog guess that makes me a dog lover! I'm not good enough to jump in at tops and bottoms but I do know value when I see it and NN has lots of it. If I did have a problem with NN it would not be because of the stock rather the US bond market near 6% and the article in the WSJ talking about higher rates and that will hit the market as a whole. Even then NN should drop less that the over bought and high flying stocks (and even perhaps cisco). I agree with Pat a little more NN never is a bad idea. I just may wait a day or two longer that our fearless leader. Regards to all Glenn

To: Mark Kubisz who wrote (4275)	4/28/1998 2:13:00 AM
From: pat mudge	Read Replies (2) \| Respond to of 18016

Remarks by Sec. Rubin, taken from Ascend thread. <<< 3:03 PM ET 04/27/98 Rubin sees low U.S. inflation, interest rates BOSTON (Reuters) - Treasury Secretary Robert Rubin said Monday he expected continued low U.S. inflation and interest rates even as Wall Street skidded on expectations of a rate hike. ''The problems in Asia will ... most likely result in lower inflation in this country and lower interest rates,'' Rubin told reporters after addressing a round-table meeting on community venture funding. The Wall Street Journal reported Monday that Federal Reserve officials believe Asia's economic crisis is not slowing the U.S. economy as much as expected and they are considering raising short-term interest rates in coming months. The report sent Wall Street stocks tumbling. The Dow Jones industrial average lost 219 points, or 2.42 percent, to 8,845 by midafternoon. However, Rubin said he expected continued low inflation. ''If you look out over the course of the next year, I continue to feel the most likely scenario by far is solid growth and low inflation,'' he said after addressing a conference organized by Boston Community Venture Fund, which invests in emerging business in poor areas. ''There will be ups and downs. There always are,'' Rubin said. Commenting on Tokyo's announcement last week of a $128 billion package of tax cuts, government spending and low-cost loans aimed at reviving Japan's moribund economy, Rubin reiterated the plan was a ''positive step''. ''Obviously, the ultimate objective has to be to get Japan back on a path of solid, sustained domestic demand-led growth,'' he said, adding Japan still had to address problems in its ailing financial sector and that it needed to continue deregulating and opening its markets.<<<<