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

To: cruncher who wrote (4839)	6/3/1998 12:02:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

No downgrades today is there. It's hard to downgrade a stock you either don't cover or have already downgraded. My guess is they'll reiterate whatever current recommendation they have, and a couple weeks from now they'll upgrade. But not until their clients are covered. With all the validation of ATM --- Sprint's was huge yesterday --- these analysts know this is an area they want to be in. They also know NN is a leader and it's a story they can sell. It maybe another quarter before it happens, but they know it will. What I'm learning (I know, I'm slow) is that analysts don't upgrade until they have the trucks loaded. Just my take. Pat