11/24/98 Dow Jones News Serv. 18:04:00
Dow Jones News Service
Copyright (c) 1998, Dow Jones & Company, Inc.
Tuesday, November 24, 1998
Newbridge Hints Announcement Of Big Pact Could Come Soon
TORONTO (Dow Jones)--Newbridge Networks Corp. (NN) president and chief
executive Alan Lutz declined to comment on rumors that the company has won a
major contract from the European-based Global One partnership, in a conference
call with analysts.
However, when asked about the possible timing of an announcement of a major
pact, Lutz said he expected one to be made before Dec. 3.
Lutz also said that Newbridge, a networking company based in Kanata, Ont.,
expects to announce a supply agreement with Hong Kong-based publisher South
China Morning Post, before the stock market opens Wednesday.
(MORE) DOW JONES NEWS 11-24-98
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