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Technology Stocks : Newbridge Networks

NN 15.49

+6.7%

Dec 4 3:59 PM EST

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To: Joseph Colombo who wrote (3822)	3/19/1998 11:31:00 PM
From: Claude Robitaille	Read Replies (1) of 18016

Newbridge shares down TORONTO, March 19 (Reuters) - Newbridge Networks Corp (NN - news) shares fell by the end of trading on Thursday. The stock shed 2 to 38.85 by the close. Newbridge said the fall was due to misunderstood information relating to the awarding of a contract by Deutsche Telekom AG (NYSE:DT - news; DTEG.F). ''The reseller agreement announced today by FORE Systems with Deutsche Telekom AG is separate and distinct from any business being bid by Newbridge Networks with Deutsche Telekom,'' company spokesman Paul Goyette said in a statement. ''Newbridge Networks is a leading vendor of asynchronous transfer mode solutions for carrier networks. Deutsche Telekom has yet to announce a vendor for its global, broadband network architecture.''

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