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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (621)	8/13/1998 6:36:00 PM
From: Paul Fine	Read Replies (1) \| Respond to of 14638

NT and Bay did not get "beat up" much more than anyone else today, with the DJ down 90+pts and Nasdaq down 20+pts. Don't get caught up in doing percent declines by stock when the absolute decline is still a point and a fraction. Also, note that the volume was very light(1.7MM shares). It was not so much a preponderence of sellers as it was the lack of buyers, which I attribute to the overall market rather than company-specific. If you want to add market uncertainty into next weeks's action, wait until people try to read the tea leaves on what Clinton has to say to the grand jury on Monday. Add to that the post-expiration trading for that day, and Monday should be all sorts of fun! Paul

To: Kenneth E. Phillipps who wrote (621)	8/14/1998 11:01:00 AM
From: SuperBacon	Read Replies (1) \| Respond to of 14638

Newbridge takeover rumors According to NBN last night, an analyst stated that on Thursday, there were rumors of Newbridge networks being taken over by Siemens or Nortel. This MAY have contributed to Nortel's slide along with the market conditions. Personally, I can not see why Nortel would need to acquire Newbridge Networks, as it would create a lot of product and technology overlap, unlike the Bay Networks merger. Obviously, the Nortel rumor is just a rumor, but... I wouldn't be surprised if they were taken over by Siemens or MCI. SB