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


To: Serge Collins who wrote (11510)5/13/1999 12:13:00 AM
From: pat mudge  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.

They weren't angry at all --- FMR buys and holds. In fact, they probably phoned Alan and thanked him for the one-day sale.

Your thinking would assume they bought their 10% position at the high. A bit unlikely considering FMR's managers are among the best and brightest in the industry.

Doesn't Barrons list FMR's new holdings when they're filed with the SEC? If so, we could get a mention in the next edition.

I'd like that.

Pat