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

To: pat mudge who wrote (4524)	5/14/1998 4:59:00 PM
From: Luc Glinas	Read Replies (2) \| Respond to of 18016

Nortel was interesting and maybe still interested on Bay Networks but Bay turned down the offer because it was too low. Could we see an offer for NN?? Thanks Luc

To: pat mudge who wrote (4524)	5/14/1998 8:23:00 PM
From: Mark Kubisz	Read Replies (4) \| Respond to of 18016

I just checked my email and found the following from a guy who says he just joined SI and can't post yet: >>I'm trying out this system to see what it is all about. I have been playing Newbridge for the last couple of months with reasonable success. I am a physician in Toronto and I have an uncanny ability to get info out of companies who are purposesly tight lipped, such as Newbridge. I was concerned about numerous posts on SI in regards to a possible pre-warning, which I can see as being the sole reason for the stock not moving beyond its present trading range. So, I decided to call a Mr. Stevens in investor relations in Ottawa around noon today. He told me that they have a pretty good idea of earnings within 2-3 days of the end of the quarter, in this case April 30 (they prewarned Q3 shortly after the end of the quarter). He also made it clear that it was their responsibility to release such information to the public as it becomes known. Therefore, based on these two facts, we can conclude that earnings will AT LEAST meet analysts' expectations. Now, he also informed me that Newbridge is using 13 cents per share as concenses, implying that earnings will at least be 13 cents, maybe a bit better. This would be a doubling quarter over consecutive quarter. He also informed me that Newbridge's earnings tend not to be cyclical, and that Q4 earnings this year compared to Q4 earnings last year are not as important as the chronological trend, which would suggest a rough doubling of earnings from Q3 to Q4. In my opinion the stock will bolt upwards some time between now and the upcoming earnings announcements. Furthermore, Nortel's attempts to eat Bay in light of AT&T's tightening relationship with Newbridge make a merger between AT&T and Newbridge a distinct possibility. I would of course require some technical feedback from one of you geeks in regards to how good this fit would be. So, I hope that my call to Newbridge has alleviated some of yours concerns. Jimmy the Greek Stud <<