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

To: Another Investor who wrote (5465)	7/8/1998 2:51:00 PM
From: Peppe	Respond to of 18016

AI, Obviously many contributors of this thread think TM walks on water. I respect your opinion. But in the long run, he only owns 21 % of NN. <You obviously don't know TM and have never seen him in action.> You're right, I don't know TM. We had a lunch meeting booked last week but I had to cancel at the last minute.<vbg> <If, for some reason, he thinks that a merger will be beneficial to NN's growth, then I suppose he'll do it but even that is pushing it.> That's the point I'm trying to make. To grow to the next step, he will have to be part of a bigger company that can sell total solutions. He can't fight this ATM war for much longer. <People who get in his way get steam-rolled!> I guess I shouldn't have cancelled that lunch ...<vbg> Cheers, Peppe

To: Another Investor who wrote (5465)	7/8/1998 5:27:00 PM
From: julian hatfield	Read Replies (4) \| Respond to of 18016

AI .. and Peppe, "You obviously don't know TM and have never seen him in action. TM and the word "bail" do not go well together in the same sentence." And you're obviously too young to remember TM bailing Mitel Corp. (the other company he "built from scratch") straight into the arms of BT in the early eighties... Your idol has been there before, he knows the terrain. In any case, Peppe's right, the name of the game is size now as a result of the competitive mergers (i.e. lead, follow, of get out of the way) being done/contemplated in the industry. Although valiant and innovative in its attempt, TM's strategy of tech-company empire-building is just not enabling the needed size/muscle fast enough to enable him to compete. He who acquires and assimilates technology, people, market share, and installed customer base successfully will always win over he who is building it from scratch .. it's just the most expedient form of building market power. Sorry to say this to all the NN-aholics on this thread but Cisco has acquired something like 150 companies in its history (big, small, perfect fits, tight fits, in core market, in related markets) and has made all of them work. UB has shown that this ability does not exist at Newbridge. Anyway, what he is doing with those affiliates, is creating a lot of jobs and a lot of opportunity for those 16-hour-a-day high-tech workaholic types .. and that may be his most lasting legacy .. a ton of newly-minted engineers, MBAs, and skilled immigrants will be able to say they cut their teeth and learned the business at Newbridge et al. in the 90s... much like a lot of folks in their late 40s and early 50s are able to say that today about Mitel. J.