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Technology Stocks : Newbridge Networks
NN 11.36-9.3%3:59 PM EST
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To: pat mudge who wrote (12868)8/19/1999 7:07:00 PM
From: larry pollock  Read Replies (1) of 18016
 
The Reuters and Bloomberg news statements did not state other bidders. The Bloomberg statement (check the Bloomberg website) reported that the Nortel contract is US$400million, and represents the initial stage of a total of US$1billion to be spent by Cable and Wireless. How many other big players are out there-Lucent, Tellabs, Cisco, Alcatel, Ericsson, and I will not forget about Newbridge. Maybe Newbridge will announce a piece of the action when quarterly results are released next week. In any event, its a huge win for Nortel, at someone's expense.
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