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

To: Serge Collins who wrote (7405)11/17/1998 11:59:00 AM
From: Serge Collins  Read Replies (1) | Respond to of 18016
 
OK, I'll go out on a limb and say that the Fed will hold rates unchanged. Why? For the following reasons:

1. Asia and South America are showing signs of improvement.
2. The risks of default with certain hedge funds has abated.
3. The Fed has a bias towards inflation fighting and that hasn't changed.
4. The U.S. economy remains relatively strong.

So the news this afternoon will read--Fed holds rates unchanged.

P.S. Newbridge can use a rate cut, the stock is not performing well lately. Investors are taking a wait and see attitude with respect to the upcoming earnings.



To: Serge Collins who wrote (7405)11/17/1998 2:51:00 PM
From: Dennis R. Duke  Respond to of 18016
 
They cut the 1/4 point that as guessed. The downgrading of the Japanese debt I think made a difference. Now NN get up and run!!!

Later, Dennis


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