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

To: Peppe who wrote (11281)	5/7/1999 10:09:00 AM
From: pat mudge	Read Replies (2) \| Respond to of 18016

, for the investors on this thread, what's your stock price expectation of NN in the near and mid term? As you know, I don't do technical analysis, but I have followed NN long enough to have a feel for it's support and resistance. It's held up well in the 28-29 range so it would probably take something global to push it down to the 24-25 range. As for the upside, it depends on news and I suspect the company has a few releases for InterOp next week but Alan's said in interviews the big product launches are coming in the June - July time frame. Institutional buyers buy for the long term and when they look at NN's recent disappointment they know the long-term story hasn't changed and see it as a buying opportunity. Do you have any doubt carriers aren't accepting NN's products? Do you have any doubt Alan won't solve these current problems? If so, get out. If yes, then this is the time to buy. This stock should be 50 but the next resistance is 36-38 based on recent history. As for valuing the company based on sales, earnings, and so on, it's very difficult because of the affiliates. How do you put a value on Ironbridge, for example? It's developing terabit switch/routers for IP traffic. They have many affiliates with exciting technologies and for the most part they aren't given much value on the Street. And how do you value LMDS? We know the market's heating up faster than earlier predicted, but we don't know when it'll generate significant revenues. I'm a buyer in this range and would be a seller if it can't break 36-38. Again, only in that portion I save for dips and peaks. Hope this helps. Pat