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

To: Doug who wrote (9654)	2/14/1999 7:22:00 PM
From: thebeach	Read Replies (1) \| Respond to of 18016

Good evening Pat,surely you must be reconsidering your position in NN. We have been dealt a mighty blow by not hitting their number.Analysts were just getting ready to give NN a new lease on life so to speak,but now they must be casting a watchful eye again,which will further suppress the stock price.Do you concur?

To: Doug who wrote (9654)	2/14/1999 9:39:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

Surely, you must admit that this turn of events was a big surprise to you. With all the ATM reports in DEC, I expected the stock could reach the +C$60 by now. I noticed a downward trend in the stock during ComNet in late January and trimmed back 25%. I've since replaced everything between the preannouncement and Friday's rumor-related decline. I don't know the dollar figures for ATM sales going forward, but once earnings are out, you can extrapolate from there. When you say you expected the stock to be above $60 Canadian by now, was this based on charts? If so, were they wrong or did you misinterpret them? As for the Street's treatment of the stock, I don't have any good answers other than perception can be as devastating as truth in the short term. This time the Street was deceived into believing the Connexus business was more important than it was. I would imagine no TA system in the world can distinguish between rational and irrational selling. That's when you have to rely on your own resources and burn up the wires getting to the bottom of the issues. Pat