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

To: Serge Collins who wrote (6754)	9/30/1998 9:44:00 PM
From: Doug	Read Replies (2) \| Respond to of 18016

Serge: I am glad that you were able to confirm my earlier post regarding Money Flow. The days of parabolic P/E's supported by hyperbolic expectations and hype are fast fading away. It will take some time for some to accept that growth in the TELECOM Industry is going to be near 15% and PEG ratios exceeding one will be rare. NT and ALA have been the first victims. The Equity return for the S&P 500 for 99 is expected to be near 10% at best. That may be the best clue of the selling pressure one can expect going forward. Good luck.!