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: pat mudge who wrote (5632)	7/21/1998 9:21:00 PM
From: Serge Collins	Read Replies (2) \| Respond to of 18016

Talk about an arbitrage play. The gap between the NYSE close and the TSE close is about $1.50 CND. New York started to tank after 2:30 on big volume while Toronto slept. Unfortunately, the action is in New York, not Toronto. I believe the action in New York confirms suspicions that todays activity is related to rumours and nothing else. Douse the rumours and it puts out the fire. The stock will either pop in New York tomorrow or fall in Toronto. Guess which will occur?

To: pat mudge who wrote (5632)	7/21/1998 9:51:00 PM
From: NNThinker	Read Replies (2) \| Respond to of 18016

"After the company's first-quarter results are released next month, the financial community will get a better idea of the impact of the planned cost-cutting measures, Lawlor said." Pat, Sounds to me like Lawlor is eager to let the cat out of the bag on first quarter earnings! His remarks sounds very positive!

To: pat mudge who wrote (5632)	7/21/1998 10:06:00 PM
From: Technopeasant	Respond to of 18016

Analysts Analysts This is really getting silly. This Kedersha guy must have been hanging around the Yahoo thread. On July 7 in post # 2966 I said... I suspect if someone made a hostile bid for Newbridge, Siemens would be the white knight... Now Kedersha says... Siemens has always been considered a "white knight" for Newbridge in the face of a takeover attempt, thus discouraging possible suitors, Kedersha explained... Now I say...Oh what's the use? If he's quoting me, we are really in trouble. (Of course he's not quoting me, it just feels like it.) A block of 455,000 traded on the TSE this afternoon. Total volume was around 700,000. Without that block the trading was much smaller than the average volume of around 500,000. There was no last minute drop, but the NYSE action sure looked like a heavy drop on heavy trading. Lutz's denial of a takeover was timely. Maybe the shorts all decided to cover at once ;-) On the subject of rumors (rumours) I keep reading that Lucent will be free to pursue mergers etc. using a pooling of interest accounting approach, using stock to pay for the action, in October. I know in Canada that approach can only be used where the two companies involved are roughly equal on size. Does anyone know if there is the same restriction in the U.S.? Looking at the growth in Lucent's market cap in the last several months it's going to be difficult for them to find an equal size partner soon. If the restriction does exist, maybe its not as relevant an issue for them any more. If they are going to have to buy their way into the world market NN is looking cheap.