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

To: zbyslaw owczarczyk who wrote (5734)	7/27/1998 9:06:00 AM
From: notredame	Read Replies (1) \| Respond to of 18016

SBC COMMUNICATIONS AWARDS $2.4-BILLION CONTRACT TO LUCENT Lucent Technologies has won a $2.4 billion contract from SBC Communications to expand the digital network in Southwestern Bell and Pacific Telesis's region over 5 years, installing a 5ESS switch that can handle voice and data that can be upgraded in the future. Lucent is the sole provider of equipment for the upgrade. Lucent also has installed a 5ESS switch in other Bell networks, but the SBC contract is the biggest. Lucent also won two contracts worth $810 million for work in Saudi Arabia: (1) $699 million to expand GSM network to handle 575,000 lines in next 15 months. (2) $111 million to upgrade Saudi Telecommunications switch, covering 900,000 lines to improve service and relieve congestion.

To: zbyslaw owczarczyk who wrote (5734)	7/27/1998 2:25:00 PM
From: nick cash	Read Replies (2) \| Respond to of 18016

a bloomberg article on the t/bt thing. in it the bt ceo comments about incumbents having an edge and that the deal is a windfall for equip providers. bloomberg.com obviously the mkt is not betting on nn today (or any day lately). the technical comments one poster is making are correct imo. stock is a falling knife right now. granted, the 21-22 support is not broken (again imo) unless we close below it AND fail to rally back above the next trading day. the 18 15/16 support is not much support @ all (the 21-22 level is). if it breaks down below that, there isn't any support til 14 (the old pre-split 28 support that was so critical a couple years ago). fundamentally should it trade @ 14? hell no. doesn't matter. asnd should have never gone down to 22- but it did. fundamental valuations mean everything in the long term; nothing inthe short term. still not convinced..... yhoo's market cap last week was >$10b. i rest my case. all that said, it's hard to resist buying 1/3-1/2 of my desired position here knowing that if it collapses further, i have the rest to pour in. one last thing, the stock is extremely short term oversold, tomorrow's call may provide the support needed to hold these levels. and then again......maybe not! can you tell i'm thinking out loud here trying to decide whether to take that partial position!? all imo only....nick