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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 3:59 PM EST
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To: Mr. Bean who wrote (2864)1/29/1998 11:45:00 AM
From: Thomas Scharf  Read Replies (1) of 18016
 
>>anyone know if the new Matthews hotel and resort in Kanata is on borrowed money or a depletion of cash reserves.<<

I believe the hotel is being built by a separate company owned mostly by TM, not NN. It has absolutely no impact on NN. As for cash researves, as I remember it, NN had around US$400M in cash before the UB debacle which cost a mere $100M. Since then, the company has been quite profitable, so I assume that the reserves have been replenished. When I have time, I'll take a look at the balance sheet & find out the exact number.

Thomas
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