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

To: notredame who wrote (4476)	5/11/1998 12:24:00 PM
From: cruncher	Read Replies (1) \| Respond to of 18016

notredame: DJIA maybe up but only on fair volume. Just like NN being down on low volume does not mean as much in my opinion as if it was down on heavy volume. DJIA would be much more impressive today if it was heavy volume. Only a Opinion cruncher

To: notredame who wrote (4476)	5/11/1998 4:42:00 PM
From: Brett Nelson	Read Replies (1) \| Respond to of 18016

Notredame- I have not regressed the DOW and NN, so I am not sure to what extent they co-vary. What is interesting, however, is that the "seasonal" effect in NN from late April to early May almost always fades around the 9th of May (give or take a day depending on weekends, etc.). These fading prices are likely do to the information lull which occurs between the end of InterOP and the beginning of SuperCom / release of NN's earnings in early June. In the absence of news, many speculators likely take profits (which would explain pullbacks on light volume). As such, I could see us trapped in a trading range between $33 on the upside and $29-30 on the downside until further news becomes available. I think it will take an analyst upgrade or another contract announcement to break out to the upside or an earnings warning (God forbid) to break to the downside. I could see a re-test of $30 if the market gets weak (today's action in the DOW and NASDAQ was not encouraging), but if we hold there, I think it's a good place to add to the good old NN position.

To: notredame who wrote (4476)	5/12/1998 7:45:00 AM
From: Tunica Albuginea	Respond to of 18016

Notredame, I wonder if NN's weakness yesterday wasn't due to the SBC announcement of buying Ameritech and a Wall St Jour article yesterday saying how M Armstrong with AT&T will now have to swim harder upstream. By implication ( more competition for At&T ), NN being the Network business coordinator in the just announced AT&T/NN deal, would suffer from the new competition. I think that this is not at all so. The journal stated that AT&T is going to go with the high margin/profit businesses rather than get into a dogged fight in the residential loop were margins are likely to be smaller. Also that thinking does not take into account the fact that NN will be a provider to all the Telcos. In anyway I sold 1/2 my NN position last week and I am ready to bo back in at a lower price if it should go lower, TA