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Technology Stocks : Newbridge Networks

NN 14.32

+1.1%

Jan 9 9:30 AM EST

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To: Chris Stovin who wrote (2438)	11/10/1997 7:32:00 AM
From: Mohamed Abdolell	Read Replies (1) of 18016

Maybe this has something to do with the late price surge on Friday ... ------------------------------------------------- Journal says Latin pact played to advantage Newbridge Networks Corporation NNC Shares issued 173,670,862 Nov 6 close $63.65 Fri 7 Nov 97 In the News The Wall Street Journal reports in its Friday edition that as the US debates its trade strategy for Latin America, a different trading partner is stepping up its own bid to compete in the area. Reporter John Urquhart says that Canada this spring became the first of the Group of Seven industrialized countries to conclude a free-trade pact with Chile. Cisco Systems' Canadian competitors, such as Newbridge Networks, are making inroads into Latin American markets. Newbridge recently installed a high-speed communications network in Chile. Newbridge president Peter Charbonneau says that removal of Chile's tariff from most Canadian goods is making the company much more competitive for future business. The Canadian-Chilean accord, which went into effect in July, is already helping Canadian businesses seal deals at the expense of the US. Now Canada is angling for a preferential trade arrangement with the region's biggest trade group, Mercosur, which links Brazil, Argentina, Uruguay and Paraguay. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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