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Technology Stocks : Newbridge Networks

NN 17.04

-0.8%

Dec 24 12:59 PM EST

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To: pat mudge who wrote (4198)	4/23/1998 2:13:00 PM
From: Technopeasant	Read Replies (1) of 18016

Buzz-saw indeed. How you find the time to put this stuff together is beyond me. The sheer volume would wear the index fingers off my hands if I tried to type it all. Back in post # 3352 Mark Kubisz reported that Newbridge had laid off a further group of people from UB on February 2 and that this would result in a further charge against the next quarter. Evidently, IF this is true, the UB saga is not behind us. Why this does not square with Charbonneau's statement is unclear to me. Perhaps they will account for the costs in a different way. The timing is interesting, particularly if NN wanted to clear up the UB mess and move on. Speculating on NN's motives is clearly not going to do me any good here, but I have to ask myself if there are other costs which will spread over the two quarters. I hope not. I believe I referred to some limited further costs associated with the writedown. I don't believe I said the results would be disappointing, I think I used the term flat. We obviously won't agree about whether the content of some of the announcements constitutes hype since some of the them, (Erlanger, Baylor, Kuala Lumpur) did not strike me as being that significant. I do agree that a million here and there adds up to real money. The relative lack of news was really the focus of my comment. I had the impression that the NN news machine had been somewhat quiet recently. Certainly if you look back at previous quarters the number of releases has dropped by half in this quarter v/s the last several. I don't know why, and maybe I made a mistake by speculating that there may be change in communications strategy? My fingers are worn out.

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