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


To: Edward W. Richmond who wrote (9600)2/12/1999 6:30:00 PM
From: Moneysmith  Respond to of 18016
 
Newbridge have announced that they will not take a charge for West End's bankruptcy. Take over talk may keep us interested.

BTW RBC Dominion Securities, one of Canada's biggest firms, has a one year target of $60 to $65 CDN. This may revised down but I doubt it.



To: Edward W. Richmond who wrote (9600)2/12/1999 6:33:00 PM
From: Robert  Read Replies (1) | Respond to of 18016
 
I think the main concern now is the fact that a large contract may have been lost to a competitor such as Cisco. Newbridge is on record stating that it is confident competing with Cisco, but is aware that this competition is stiff. If the contract has been lost because of technical implementation problems, this is also potentially very serious, and may continue to adversely affect the stock. Of course, analysts are once again looking stupid for giving NN another chance. Alienation of institutional investors could be their final undoing...R