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

To: pat mudge who wrote (4715)	6/1/1998 11:11:00 AM
From: BMWIN	Read Replies (3) \| Respond to of 18016

From Canada Stockwatch Buy & Sell columnist Sonita Horvitch says in the Saturday edition of the Financial Post that Newbridge Networks is a top sell pick of John Crocker, senior vice-president and chief investment officer of Toronto-based Cassels Blaikie Investment Management. Ms Horvitch notes the stock, currently $40.25, has a 52-week range of $95 to $26.75. Mr Crocker says the stock is expensive and there is a risk that Newbridge's market will move away from the technology that it produces. The company makes computer networking devices. Overall, Mr Crocker is choosing companies with strong management that have a clearly demonstrated track record. He says that North American equities are not cheap at these price-earnings multiples. He says there could be a pull back to allow the earnings power of the companies to catch up, but the beat of the market goes on.