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

To: Peppe who wrote (6575)	9/16/1998 5:45:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 18016

Peppe, Wouldn't it be a much nicer world if anyone could just dream up any old BullSht, post it unchallenged, feel good about publicizing totally irrational fantasies of conspiracies by company management? NOT!* The thing I like most about this thread, and the Internet, in General is that lies are often immediately refuted with very real and tangible truths. This isn't a bull / bear thing. It's a dealing with reality thing. FWIW, Ian. Some posters are clearly employees hiding under assumed names. SI has them all over.What is clearly missing from the NN thread is the investor that has been burnt badly in investing in NN. Someone who holds a grudge, who hates being lied to by TM, who doesn't believe the market share, mgnt leadership and promisses of a better tomorrow. P.S. I am not, have never been and will never be a Newbridge employee. Other than Mike Stevens in IR, I don't think I've ever talked to any NN employees, at least not knowingly.

To: Peppe who wrote (6575)	9/16/1998 6:25:00 PM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

Now Peppe; I am not a NN employee and have been to a greater or lesser degree a NN shareholder for the last 7 years. "Irrational exuberance" what a crock perhaps one could have made the case in 1997 when NNC was $95 but not now. Clearly NN has the products and the R&D to keep the machine going. Also the affiliate companies are just starting to show their value to Newbridge (look at the price ACC was sold for $150 million U.S. profit). What about Cky or Tundra or Vienna they must be worth next to nothing as well. A smart fellow once said buy LOW and sell HIGH. Peppe not the other way around. What about Alan Lutz, I guess he is not doing a good job for the shareholders. TM is no dummy, he has built several very successful companies in the past and is smart enough (along with the board) to know when to bring in new blood. One could make the case that perhaps Terry took a little longer than he should bringing in someone like Lutz but the move has been made and in the last ~100 days Alan has done a great job for us. Customer wins and new product announcements (v3.1 of the 36170 for example) will help to push Newbridge share price forward. Not to mention the relationships with companies like Siemens and Ericsson. UB is over and the company is moving in the right direction. You are correct that the company has lost some of the "cachet" value given it last year. I would think it has moved from a tier one company that is a core holding to perhaps slightly less than that. This offers investors a cheap entry point into a very good networking company that has lots of upside potential. You should know (as I am sure you do) that Newbridge has been the subject of takeover talk. And as much as Terry loves the company, if he feels that this would be best for Newbridge a move will be made. Regards Glenn

To: Peppe who wrote (6575)	9/16/1998 7:06:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

I haven't heard back from Bosch, but if you want to make the call yourself, the number for marketing is: 972-852-6808 Makes for fun reading, at any rate. This sounds condescending. Is that how you meant it? NN investors want to believe, keep averaging down and fight all bearish comments with conviction and URLs. Would you prefer I quote without giving sources? If so, I'm puzzled. I thought you wanted unbiased debate on contrary opinions. How else can we get information? Okay, setting aside your digs and my feeling defensive, I have another challenge for you. No grades, just pass-fail. Who did NN beat out for the NZ Telecom contract? No URLs either, you're on your own. :)) Pat

To: Peppe who wrote (6575)	9/17/1998 11:05:00 AM
From: Doug	Respond to of 18016

Peppe: The reasons why the opinion polls on this Board are so heavily skewed in favour of NN from Oct97 to now may never be known. It may be best to understand the facts. Facts: a: Market trend is down. b: Return of NN in the last 5 yrs has not exceeded that for the S&P 500. c: Telcom stocks have recently been hit due to lower expectations by Analyst. d: The rev/income growth rates for NN have not been able to sustain a parabolic P/E. e: Lead technology looses its advantage with time as more players want to participate. f: The expectations since Oct 97,were not in alignment with NN's trend line. Those euphoric posts about Mgmt and Analyst being awed etc proved to be disconnected from reality as borne out by the current price. Going forward the following market forces need to be considered: a: Global Economy except for USA and Europe is in a down trend. The global wash is expected to affect our exports. See G, PEP and KO as early examples and more to come. b: A trendline disconnect between the Telcom and Networking stocks is not considered favourable for the NETworkers. c: A drop in Interest rates is likely only after the stock market sees a new low which may impact Consumer Confidence and show up as lower Pre Xmas sales. d: The IMF funding to help Latin America tide its repayment schedules may be delayed as Congress is in no hurry. This may result in a devaluation run on the currencies of Venezuela and Brazil which could cause a serious drop in the Bank Index and the DOW. e: The P/E of the Networkers has not had a correction vis a vis the market. The caution flags are flying high and a discussion of how to protect ones already contracted Assets may be in order at this point. On the other hand there may be others who have a better handle on market forces. If so, we need to hear the facts and forces that spell better days ahead.