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


To: pat mudge who wrote (11507)5/12/1999 11:31:00 PM
From: Serge Collins  Read Replies (1) | Respond to of 18016
 
FMR must be quite angry with Newbridge these days, being the owner of such a large stake. I wonder how much stock they dumped in the recent selloff or how much of this position they will liquidate over the next few months. Or just imagine how they will punish Newbridge, if and when the company makes one more faux pas.

It wouldn't surprise me to see them selloff part, or all of this position, seeing that it was acquired before the recent earnings warning. Their managers must have a different opinion of the company these days.



To: pat mudge who wrote (11507)5/13/1999 12:06:00 PM
From: Doug  Respond to of 18016
 
Pat: Thx for the clip. It is comforting to know that they have a large position. That comfort must be moderated by the fact

a: They may have Accumulated this position over a period of time resulting in lower average valuations than current.

b:Holdings by Fund Managers are not all winners all the time. Companies such as MCK and NETA both held by even more Funds than NN are good examples of that.