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Technology Stocks : Newbridge Networks
NN 15.62-3.7%3:59 PM EST
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To: Rob C. who wrote (8703)12/23/1998 10:18:00 AM
From: Claude Robitaille   of 18016
 
The Financial Post reports in its Wednesday edition that shares of
Newbridge Networks rose 60 cents to $45.20 on the Toronto Stock Exchange on
Tuesday, on volume of 573,100 shares. Market Action columnist Garry Marr
notes that the company says that Telus Advanced Communications, owned by
Telus, has picked its comprehensive Asymmetric Digital Subscriber Line.
Telus will use ADSL lines at 41 sites in Alberta and expand to more than
10,000 lines within the next year. The value of the agreement was not
disclosed. Newbridge stock has been on the rise lately. It recorded its
fifth straight gain on Tuesday and has risen 9.3 per cent during that span.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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