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

To: micromike who wrote (11137)	5/4/1999 11:43:00 PM
From: Doug	Respond to of 18016

Mike: It is more than a CFO that needs changing. Mgmt levels have less accountability in Canada than in the States. There are a lot of cover ups based on the old school boy networks; so top Mgmt are kept in the dark as long as possible. In turn top Mgmt, to avoid any confrontation,prefer not to anticipate or feret out a negative outcome till it happens. What was the head roll count for all the Sales shortfalls, the U.B and other disasters. Near zero , I would imagine. The big MAC (Mutual Admiration club) have had their days of glory. I will admit that in days gone by (1996 and earlier) they did a great job. The whole Organisation now needs new blood at every Mgmt level. I would say a 30% replacement of all Middle line and Senior Managers will inject a new vigor. I know this will be painful but the alternative will be a Sell OUT to a more pragmatic Owner who will also do the same.

To: micromike who wrote (11137)	5/5/1999 1:42:00 PM
From: Doug	Respond to of 18016

Mike: I did look for +ve's during todays trading. The volume was less than anticipated ; Institutional selling was only 50% of the days total. That tells me that the Book to Bill of 1.2 (though inflated because of Production) has made the next Q a lttle more attractive. Much depends on how NN will shape up between now and June 4 or so when another CC will be held. The COO needs to establish a:The quarterly ATM/TDM revenue capacity both normal and in overdrive b:The changes in the Organisaton to achieve these objectives and firm dates. c:The numbers of new Appointments and lost jobs. Let me know if you think your COO is up to the task.?