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

To: Doug who wrote (5016)	6/7/1998 6:44:00 PM
From: Andrew	Read Replies (1) \| Respond to of 18016

Doug, Newbridge is not bringing in a new CEO. Terry Matthews is CEO. There is a new President and COO. Big difference! This Lutz guy sounds like a good head. I hope TM gives him the breathing room to act on his good ideas. I think it's time for TM to relinquish some power to the right kind of person. Sounds like he promised Lutz that; let's hope he can keep that promise. Some other rumors I've read on this thread: - Nortel OEMs ATM stuff from NN: Absolutely untrue! Whatever NT hasn't developed in-house has been OEMed from Fore. - Nortel may buy Newbridge: IMHO, NT is the last company TM would sell to. I think he would find it humiliating. Why exactly does everyone assume that consolidation is the only possible future for the networking industry? It seems to me that alliances would be a lot less disruptive and distracting. Siemens/NN/COMS looks like a pretty powerful combination to me. I read an article that described camps that looked something like: Cisco NT/Fore/Shiva/(Bay or ASND) LU/(Bay or ASND or Cabletron) Siemens/COMS/NN These companies wouldn't have to merge to be successful. I believe the existing Nortel/Fore/Shiva and Siemens/NN relationships have demonstrated that (and also LU/Bay ??) I mean mergers are such a distracting hassle (e.g. COMS/USRX, ASND/Cascade). And not only for management. I think investors should be careful what they wish for. Trying to decipher what COMS' real earnings picture means is a nightmare. If all these companies devour each other, we'll just have a tougher time trying to figure out the combined entities. I like Cisco's approach of ingesting bite-size morsels. Also Newbridge's "farm teams". Both of these companies have relatively clear financial statements. And if Nortel is busy trying to digest, say, Bay, and LU likewise ASND, Cisco could well exploit the confusion. In my mind merger mania is for the birds. I'd like to see more CSI-type initiatives. Co-marketing. Each company focusing on it's strengths in a symbiotic relationship. I guess I'm just an idealist. Bigshots get more easy money from mergers. Therefore mergers there will be. Andrew

To: Doug who wrote (5016)	6/8/1998 10:28:00 PM
From: Doug	Read Replies (1) \| Respond to of 18016

Doug: For those who are interested in fundamentals and valuation, BAY and DIGI may offer some guidance. The P/S for DIGI was <3.0 and for BAY it is likely to be near 3.2 to 3.5.

To: Doug who wrote (5016)	6/9/1998 4:14:00 PM
From: pat mudge	Read Replies (3) \| Respond to of 18016

In fact the market conditions are so complex, that he and his Team need 100 days to analyse the market and set up a game plan. Doug and others -- I met with Alan Lutz for about 20 minutes this morning and NN couldn't have found a better leader for this stage of its development. He's been on the job about 5 days and he's well into developing a game plan. I don't know how many days he'll take to implement his plans, but considering it's only taken five days to outline his first goals, I'm guessing 3 months from now there won't be one NN employee who doesn't know the company goals and be able to articulate how they'll be reached. I also think development goals will be tied to solid leadership that will be carried from inception to completion. Investors can expect more attention from analysts --- one major firm had just left when I arrived --- and also expect NN's products to be marketed to a broader market base. For those who've followed my interest in Cambrian Systems, you'll be pleased to know NN owns around 40%, and based on the rapid growth in WDM, adds value to the company few recognize. Mr. Lutz jokingly said they'd take $6.4 billion, if offered. It was said in jest when I asked how likely it would be for a competitor to take them out. I've met many CEOs in my life and Mr. Lutz is definitely a class act --- right there at the top. Intelligent, poised, focused, and certainly in tune with the market. I'm posting from a Sun PC with a format that's driving me nuts, so will stop here. If there's anything NN investor's don't have to worry about it's the CEO. Later -- Pat