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Technology Stocks : Newbridge Networks

NN 12.64

+3.2%

Nov 14 3:59 PM EST

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To: pat mudge who wrote (5223)	6/17/1998 11:01:00 AM
From: Ian@SI	Read Replies (2) of 18016

Story on NN and its Affiliates... interactive.wsj.com ... Typically, Newbridge holds about a one-third interest in an affiliate. Celtic House International, an investor group that includes Terry Matthews, Newbridge's chairman and chief executive, typically holds another third, with management of the affiliate and institutional investors holding the remaining one-third stake. Chris Albinson, assistant vice-president of affiliate products at Newbridge, said the affiliates haven't been pressuring Newbridge to sell out to a third party, and all of them currently favor an IPO as their preferred strategy. At the same time, Mr. Albinson said some of the affiliates are mature enough that the issue of cashing out has become a "fairly paramount concern" for management of the affiliates, Newbridge and the other investors. ...

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