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

To: tech101 who wrote (7738)	11/25/1998 2:10:00 AM
From: tech101	Read Replies (2) \| Respond to of 18016

NN is actually the only network vendor mentioned in the Cable and Wireless $1 billion project by the Business Wire biz.yahoo.com

To: tech101 who wrote (7738)	11/25/1998 2:48:00 AM
From: Ed Frye	Read Replies (2) \| Respond to of 18016

>>Surely a turnaround story. No magic but uncertainty is certainly relieved. Surely this is the import of Tuesday's report. Stock sold off after last 2 earnings reports despite meeting expectations, taking stock down from 28 to 22 and finally 18. New CEO sounds like he has eye of the tiger. In a few short months he has greatly increased efficiency of company while revamping management and improving employee morale. This is a home run! What else could we have reasonably hoped for from him? He has put the company on solid footing. Now he has met earnings expectations in a difficult quarter while building the company's cash position for future strategic moves. Add to this the much needed "rejuvenation" of the terms of the NN/Siemans alliance and you realize the man has been busy and everything he has touched is the better for it. Whether the better than expected TDM results were a byproduct of his managerial ability is difficult to say. And, finally, as the coup de grace, he times the announcements of 3 significant contract WINS! for this week and next. Plus he's working a deal with a US company for sale of wireless products. No wonder there is talk of LU wanting in on NN's action. AND, he's not afraid to mention ASND and CSCO and state that he expects to beat them. This guy reminds me of Ron Wolf, the GM of the Green Bay Packers. Look at the turnaround he engineered! Regardless of tomorrow's immediate reaction, this stock is headed higher, much higher. To expect more than was delivered by this guy his first quarter on the job is ludicrous. But he has given us reason to expect much in the future. Hard for me to believe anyone was in this stock expecting better than what was delivered. On this basis, I'll predict a gap up this morning and +2 by close. This is a $40-$50 stock by next spring. ed