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Technology Stocks : Newbridge Networks
NN 13.87+7.0%3:59 PM EST
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To: Bob Howarth who wrote (16555)1/22/2000 3:25:00 PM
From: zbyslaw owczarczyk  Read Replies (2) of 18016
 
Bob I have to ask NN about this.
Sometimes press is not accurate.If they got financing it is not clear if this is from NN directly or from someone
like GE Capitol who is backing up for example MaxLink(800
million Cnd revenue to NN)LMDS project.
If I understand correctly, financing does not mean they got
200 million US from NN. Simply they will pay off over the time plus %, to NN or to Bank who is backing up project.In most cases vendor like NN has to have enought cash to qualify.
LU for example, have only 1.5 bilion in cash and about 20% of
they revenue this year will come by financing (20% of 30+ billion).
Everybody is doing this NT,CSCO,LU etc.

BTW,fact that New Edge got additional 60 million from other sources indicates that they project is moving very fast.

Zbyslaw
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