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


To: Rob C. who wrote (8703)12/23/1998 10:18:00 AM
From: Claude Robitaille  Respond to of 18016
 
The Financial Post reports in its Wednesday edition that shares of
Newbridge Networks rose 60 cents to $45.20 on the Toronto Stock Exchange on
Tuesday, on volume of 573,100 shares. Market Action columnist Garry Marr
notes that the company says that Telus Advanced Communications, owned by
Telus, has picked its comprehensive Asymmetric Digital Subscriber Line.
Telus will use ADSL lines at 41 sites in Alberta and expand to more than
10,000 lines within the next year. The value of the agreement was not
disclosed. Newbridge stock has been on the rise lately. It recorded its
fifth straight gain on Tuesday and has risen 9.3 per cent during that span.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com



To: Rob C. who wrote (8703)12/23/1998 3:51:00 PM
From: Greg Spendjian  Read Replies (1) | Respond to of 18016
 
I take my hat off to you Robert ... for calling the $2 increase ... at least that is close to what we have in Canadian dollars ... which is unfortunately not quite the same in US currency of course. Still, well done.

Any further predictions?



To: Rob C. who wrote (8703)12/23/1998 4:12:00 PM
From: Bron-y-aur  Read Replies (1) | Respond to of 18016
 
Robert
One more time - good call. This could be just the start of new leg up. The market is bound to take a breather at some point, but NN is sure looking strong.