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Technology Stocks : Newbridge Networks

NN 17.03

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To: Ian@SI who wrote (14392)	11/8/1999 6:51:00 PM
From: Mighty Mizzou	Read Replies (1) of 18016

Dorfman on Bloomberg messages.yahoo.com Paris, Nov. 8 (Bloomberg) -- Alcatel is considering a $24 to $25 per share bid for Newbridge Networks Corp., Dan Dorfman said in his column on JagNotes.com, citing talk in Canadian financial circles. The price range would make the value of an agreement as much as $4.3 billion, and the talk in Canada suggests Morgan Stanley Dean Witter might be assisting Alcatel in preparing a potential offer. One Canadian analyst said Newbridge Chief Executive Terence Matthews might not be receptive to a bid from Alcatel, and while Alcatel and Morgan Stanley declined to comment, Newbridge was unavailable for comment, Dorfman said.

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