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


To: Peppe who wrote (7746)11/25/1998 12:05:00 PM
From: Ed Frye  Respond to of 18016
 
Thanks for the reply Peppe.

Price is back to the level it was prior to earnings release a couple quarters back (current resistance). The past 6 months are history, forgiven and forgotton. Visibility for this Q is very good and things only look to get better in the 4th Q and thereafter. The next 6-12 months promise to be very prosperous, for the company and it's sharesholders. Lutz and Matthews make a formidable duo.

The rumored 15% minority stake by LU would be an unexpected bonus that could fuel a sharp rise in the price of NN stock given that most current shareholders probably are not looking to sell as they look forward to the not-too-distant future when the earnings surprises (beginning fy99_4Q = May earnings release) start rolling in.

I couldn't be happier with my investment in NN given the way things are going right now. This glass is half full and rising fast. Enjoy the ride, you have earned it.

ed