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Technology Stocks : Newbridge Networks
NN 16.62-0.2%Dec 31 3:59 PM EST
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To: pat mudge who wrote (12028)6/24/1999 10:08:00 PM
From: Thomas Scharf  Read Replies (1) of 18016
 
When all is said and done, the Stanford Telecom acquisition will have the interesting side effect of increasing NN's cash assets by US$210M! When you add this to the US$925.9M cash they already have + the $28M cash on STCC's books, NN will have $1.163B cash (around a year's revenue) plus any net earning in the next 2 or 3 quarters. They can't sit on that much money forever. Where do you think it will be put to work?

Oh, yeah, I got the cash position numbers from the Yahoo profiles for the 2 companies.
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