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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (36327)	5/5/1999 1:00:00 AM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 90042

Post in an intelligent manner and change it. Tech stocks -> Telecom stocks -> Newbridge. Wow, what a sideswipe. The people I know who are close to the company were completely taken by surprise. It's been nothing but "huge order growth" and "kicking CSCO a**" for months now. This wasn't supposed to happen. Fidelity now owns 10% of this company, and they appear to have been buying fairly recently. If that's the case, they've got to be seeing red over the earnings warning and the subsequent $8 after-hours drop. Canadian businesses seem to be run in a more, what, congenial manner than US businesses (no value judgement here!) but I'm pretty sure Fidelity doesn't play that game. And now they have a pretty darn loud voice that has to be listened to. The founder Terry Mathews is no longer running the company (apparently not by his choice), and frankly doesn't seem as interested as he used to be. He's down to about 20% ownership position, which is large but not unmanageable. Anybody have thoughts on the fallout from this?