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Technology Stocks : Newbridge Networks
NN 14.04-1.2%Dec 1 3:59 PM EST

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To: Tunica Albuginea who wrote (3845)3/21/1998 12:03:00 AM
From: pat mudge  Read Replies (1) of 18016
 
It's interesting that British Telekom is part of Viag --- mentioned in the keynote address given by IBM's Gerstner:

newsalert.com

German telecoms newcomer Viag Interkom said it
would revise its business expectations sharply higher because of
the strong public response to new phone services.
"The entire market has been underestimated," Martin
Furuseth, Viag Interkom board member, told a news conference.
"We will probably raise our estimates for customer numbers
twice as high as previously seen in our business plan. There
could be 100,000 to 300,000 customers this year."
Viag Interkom, a joint venture between German utility Viag,
British Telecom and Norway's Telenor, said it would
launch public phone services in May.
Commenting on the boom in mobile communications, Nokia
senior vice president Anssi Vanjoki said worldwide
sales of mobile phones would continue to accelerate, hitting 470
million units by the end of 2000 from just over 100 million in
1996.


I like the growth predictions. And, yes, NN has a presence with BT as well as DT. I think the techs are having a struggle because of earnings worries. Once this quarter is over, they should start to breathe again.

Later --

Pat
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