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Technology Stocks : Newbridge Networks

NN 14.04

-1.2%

Dec 1 3:59 PM EST

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To: Gilbert Drapeau who wrote (17967)	5/2/2000 4:37:00 PM
From: Claude Robitaille	Read Replies (2) of 18016

Newbridge preliminary estimates of fourth quarter results Newbridge Networks Corp NNC Shares issued 180,104,582 May 1 close $53.80 Tue 2 May 2000 Ms. Nancy Moloney reports The company has made preliminary estimates of financial results for the fourth quarter of fiscal 2000, which ended April 30. The company had strong growth in customer demand for its products, achieving record levels of order intake and a book-to-bill ratio in excess of 1 to 1. Based on current information, revenue for the fourth quarter is expected to be over $600-million -- a record for the company. Earnings per share for the quarter, excluding the effect of items related to acquisitions, non-recurring items and expenses associated with the proposed merger with Alcatel, are expected to be 20 U.S. cents to 25 U.S. cents. WARNING: The company relies on litigation protection for "forward-looking" statements. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

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