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Technology Stocks : Newbridge Networks

NN 15.49

+6.7%

3:59 PM EST

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To: pat mudge who wrote (4850)	6/3/1998 2:36:00 PM
From: Chris Stovin	Read Replies (2) of 18016

RBCDS morning note for June 3rd, 1998; Newbridge Networks (NNC) C$41.80 ----------------------------------------------- Reported Q4 revenues of $495MM and pre-charge EPS of C$0.18 and US$0.13 (in line with expectations) on a rebound in TDM sales and impressive growth in ATM. Revenue distribution between categories consistent with mgmt. guidance. Co. named Alan Lutz as Pres. & COO who has a solid operating background and wealth of industry experience. BUY with 1 yr. tgt. of $50. (Benn Mikula)

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