Book to bill was above 1.1
Newbridge Networks Announces Preliminary Estimates of
Financial Results for Fourth Quarter of Fiscal 2000
KANATA, Ontario--(BUSINESS WIRE)--May 2, 2000--Newbridge Networks (NYSE:NN -
news; TSE:NNC. - news) today announced 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 1.1. 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 U.S. 20 cents to 25 cents (Cdn 29 cents to 36 cents).
About Newbridge Networks
Newbridge Networks designs, manufactures, markets and services wide area networking solutions for service providers in more than 100
countries. On February 23, 2000, Newbridge entered into a definitive agreement to be acquired by Alcatel, a world leader in end-to-end voice
and data communications solutions systems. Alcatel's leadership in broadband access combined with the Newbridge leadership in
ATM/MPLS/IP switched routing will make it one of the top players in the next generation networking market with complete, end-to-end
communication solutions. Current Newbridge customers include the world's 350 largest telecommunications service providers. The
Company employs more than 6,000 people on six continents. News and information are available at www.newbridge.com
Newbridge and logo are registered trademarks of Newbridge Networks Corporation.
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.
Contact:
Newbridge Networks Corporation
Nancy Moloney, 613/599-3600 x3192
E-mail: nmoloney@newbridge.com
Website: www.newbridge.com
or
Newbridge Networks Corporation
Ken Wigglesworth, 613/599-3600 x1181
E-mail: kwiggles@newbridge.com |
