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Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

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To: Tunica Albuginea who wrote (3343)	2/25/1998 12:30:00 PM
From: micromike	of 18016

UB writeoff leads to Newbridge loss theglobeandmail.com It laid off 282 UB employees last month, accounting for a major portion of the third-quarter charge. And yesterday, it revealed that one day after the third quarter ended it eliminated another 150 jobs, raising the prospect of further substantial charges in the current quarter. However, neither he nor his CFO would say what charges the company may incur in the fourth quarter or what the bottom line may look like. "I think consensus estimates gives us room to still be in a profitable position in the fourth quarter, but I hesitate to provide any specific forecasts," Mr. Wigglesworth said. --- That statement gives me some concern but the million dollar question can Newbridge bring in enough orders to cover the next write down in the 4th quarter and make a decent profit. On the plus side Matthews is cutting UB and taking his lumps instead of trying to salvage it. Very Very Long Mike

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