Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: zbyslaw owczarczyk who wrote (4925)	6/4/1998 9:48:00 AM
From: Dennis R. Duke	Read Replies (2) \| Respond to of 18016

Merrill Lynch's Joe Bellace did a report on NN this morning. Their recommendation remains a C-3-2-9. Medimum risk, Neutral Near Term, Accumulate Long Term and no Dividend. Much of what they report is similar to the other reports and comments already posted. The Highlights are as follows: EPS in-line with consensus; order backlog at record levels Reason for Report: April 1998 Quarter Results Investment Highlights: * In the April quarter, revenues declined by 10% to c$395 and operating EPS were $0.13 versus $0.28, in-line with concensus expectations. * Based on April quarter results, we are maintaining our estimated EPS of $0.85-0.95 in fiscal 1999. * We are maintaining Intermediate term rating of Neutral. Fundamental Highlights: * The April 1998 quarter was the seventh consecutive quarter where the book-to-bill ratio was greater than 1.0. The order backlong was 8-10 weeks, and management indicated it had increased to record levels. * We estimate that WAN packet product revenues increased by 12% sequentially to c$200 million. There is a second page of info, but most of it I believe has been covered. Dennis

To: zbyslaw owczarczyk who wrote (4925)	6/4/1998 10:17:00 AM
From: Peppe	Read Replies (1) \| Respond to of 18016

Z.O., Market tanked everywhere yesterday on fear INTC might pre-announce lousy quarter. NN lost more than most because analysts (your opinion of them notwithstanding) don't like the earnings potential and risk associated with this stock. With your thinking that people sold NN yesterday to cash in on DIGI today, would you expect them to cash in their DIGI one day profits and rush back into NN ? BTW, I bought into INTC yesterday with my CIEN windfall. I'll compare it with NN's stock price of yesterday and see how I make out over a 6 month period. Cheers, Peppe

To: zbyslaw owczarczyk who wrote (4925)	6/4/1998 11:02:00 AM
From: pat mudge	Respond to of 18016

Zbyslaw -- A week ago I heard DIGI turned down an offer from ALA. --- said it wasn't high enough. I shrugged it off and sort of kept my eyes open for any hints they were looking at others. Shows what I know. CNBC mentioned all the other networkers were prime candidates and when they listed them, NN wasn't mentioned. It's time TM had someone take the newscasters to lunch. . . . dinner. . . whatever you do to make yourself known. Pat