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: larry pollock who wrote (6315)	9/1/1998 8:40:00 PM
From: Technopeasant	Respond to of 18016

Larry, look a little further. The full picture on NN activity for today extends a little beyond the NYSE. NN activity on the NYSE today was volume 1,325,000, ending up at US$18.937 (Sorry about the decimals about, eighths are a bit of an anachronism, although I used to think they were the only way to do this stuff.) Over the Northern border, us frozen wetbacks traded 1,072,300 shares. The NYSE volume was a little higher. On average the NYSE trades about 900,000, so it was up for the day on higher than average volume. As a middle of the road stock, it did OK. The heavyweights got the most from today's snap-back. On the Toronto Stock Exchange the volume was double the average of slightly less than 500,000. The stock ended the day at C$29.00, a DROP of 0.45. In fact the stock was down from mid-morning on, acting as a drag on the NYSE. Watching both on my watch list was difficult. One green, one red. They didn't seem like the same stock. the Canadian exchange acted as an anchor. There was no Newbridge news restricted to Canada only. What there was, after a 200+ point drop on the TSE yesterday, was NO snap back. The TSE closed up 7.39 points. This after many other days of higher percentage drops on the TSE than the NYSE. In other words, more of the same. But worse than the NYSE. Investing really needs information. Most quote services provide Canadian quotes. I use Yahoo, its easy. NNC.TO will get you the quote. If you hold NN just add NNC.TO to the portfolio on your server. I think SI uses K.NNC, ( K being Kanadian, eh). What I've wasted everyone's time here for is just trying to stress that Information is critical. On some stocks the NYSE is not the whole story.

To: larry pollock who wrote (6315)	9/1/1998 8:55:00 PM
From: pat mudge	Respond to of 18016

We are all patient, right? However, on a day where the Dow finished up 288 points, and Cisco closed at 90, up 8 1/8, Lucent ended at 78, up 7 1/8, and Northern Telecom closed at 50 15/16, a gain of 3 7/16, Newbridge, a stock for very patient investors, closed the trading day at 18 15/16, up a meager 3/8. Wall Street has no patience for this stock. Ok, I am feeling better too because our stock price did not drop on an up day. Larry -- I was a bit disappointed, too, but you have to realize all those you mention still didn't make up what they lost the day before. They're also Wall Street darlings and get more attention. I do wonder if the Lucent 5ESS announcement might have affected NN temporarily. On the bright side, with the stock at 19 there's a better chance for an upgrade than there was at 24. Okay, now for some news I missed earlier: From The Financial Times: SATURDAY AUGUST 29 1998ÿÿTelecomsÿ ENERGIS: Telecom firm to buy Planet Online By Paul Taylor Energis, the UK-based telecommunications group, is to pay up to œ85m to acquire Planet Online, which claims to be the UK's largest independent internet service provider focused on the business market. The deal, the first for Energis since its flotation last year, comes just four months after ScottishTelecom, the communications division of Scottish Power, acquired Demon Internet for œ66m cash, and marks a further significant reorganisation of the internet service provider market in Britain. Energis, whose shares fell 10p to 827«p at the close yesterday, rejected suggestions that the purchase could undermine its relationship with other internet providers. Energis has been very successful selling bandwidth - spare telecoms capacity - to the estimated 200 independent internet service providers in the UK. Currently Energis carries about 40 per cent of UK national internet traffic. Under the terms of the deal, Energis is paying œ75m in cash for Planet Online which is privately owned and has three main shareholders including Paul Sykes, the Yorkshire businessman who is opposed to European economic and monetary union. A further œ10m will be paid depending on performance. Energis, which sells telecommunications services to business customers using fibre optic lines wrapped round the cables of the National Grid, its majority shareholder, said the acquisition would add to its portfolio value-added internet and intranet services, together with a substantial corporate customer base. Planet, which is based in Leeds and was set up three years ago, made after-tax profits of œ530,000 on turnover of œ24.7 in the year to March. It has net assets of about œ115,000 but its real value lies in its corporate customer portfolio which include Airtours, Barclays, Cadbury, Mirror Group, Reuters and Thomas Cook. >>>> [NN's Energis press: mainstreetxpress.com]