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Newbridge Networks Outlook Remains Positive:
Business Activity Levels Remain Strong and
Momentum Continues to Build
KANATA, Ontario--(BUSINESS WIRE)--Jan. 7, 2000--Newbridge Networks (NYSE:NN - news; TSE:NNC - news)
today announced it is pleased with its progress during the current quarter. The company is experiencing increasing demand,
especially in North America. It is encouraged by the level of interest in its core broadband switches and broadband access
products. The company remains optimistic, but sees no reason to change guidance for its current quarter.
''Our ambitious efforts to quickly restructure Newbridge are starting to pay off,'' said Pearse Flynn, president and chief
operating officer, Newbridge Networks.
Examples of recent activity include:
-- December 13, 1999, Newbridge announced its first trials of the
Newbridge(c) 670 RSP Routing Switch Platform. The Newbridge 670
starts with a capacity of 50 Gb/s and is scalable to 5 Tb/s.
-- December 14, 1999, Newbridge completed the acquisition of
Stanford Telecom, which strengthens the company's position as a
leader in point-to-multipoint wireless communications.
-- January 4, 2000, New Edge announced a US $200 million contract
with Newbridge Networks to provide equipment for its nationwide
DSL network.
Newbridge Networks' third quarter ends on January 30, 2000. The company will announce results on February 22, 2000.
This announcement may include certain forward-looking statements that involve risks and uncertainties. Actual results may
differ materially from results indicated in any forward-looking statements. The Company cautions that, among other things,
in view of the rapid technological changes in the networking industry, if technologies or standards supported by the
Company's products or common carrier service offerings based on the Company's products become obsolete or fail to gain
widespread commercial acceptance, the Company's business may be adversely affected. Additional information identifying
risks and uncertainties is contained in the Company's most recent Form 10-Q quarterly report and Form 10-K annual
report filed with the SEC.
Newbridge Networks designs, manufactures, markets and services wide area networking solutions for Internet service
providers; local, long-distance, and wireless communications companies; cable television carriers; and enterprise customers
in more than 100 countries. The company leverages its relationship with Newbridge Affiliate companies and strategic
alliances with numerous other networking companies to deliver complete end-to-end solutions. Newbridge customers
include the world's 350 largest telecommunications service providers and more than 10,000 corporations, government
organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on six continents.
News at www.newbridge.com.
Note to Editors: Newbridge and logo are registered trademarks of Newbridge Networks Corporation.
Contact:
Newbridge Networks Corporation
Sarah Miller, 613/ 599-3600 ext. 4563
E-mail: smiller@newbridge.com
Website: www.newbridge.com
Jim Adamson, 650/ 444-2757
E-mail: jadamson@newbridge.com
John Lawlor, 613/ 591-3600 Ext. 1013
E-mail: jlawlor@newbridge.com |
