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Technology Stocks : Newbridge Networks

NN 11.36

-9.3%

Nov 20 3:59 PM EST

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To: Glenn McDougall who wrote (5418)	7/3/1998 8:34:00 AM
From: CJS	Read Replies (2) of 18016

>You are responding to this message from Glenn McDougall on Jul 3 1998 >7:08AM EST > Newbridge sales exec quits post > Kanata firm in battle for U.S. market share > Andrew McIntosh > The Ottawa Citizen > The top sales executive in the United States for Newbridge >Networks Corp. > has left the Kanata-based company amid suggestions that the >equipment > maker is losing ground south of the border to rival Cisco >Systems Inc. > Newbridge confirmed yesterday that Richard Berger, its top >U.S. sales > executive, left the telecommunications-equipment maker less >than a month > after the firm's new president, Alan Lutz, took the helm in >early June. A > Newbridge spokesman emphasized that Mr. Berger was not fired. > After discussions with Mr. Lutz and Michael Pascoe, a >Newbridge executive > vice-president and general manager for the Americas, the >spokesman said, > Mr. Berger decided to leave to pursue other career >opportunities. > Mr. Pascoe has assumed Mr. Berger's duties until a successor >is hired. > Duncan Stewart, a technology portfolio manager and partner at >Tera Capital > of Toronto, said the move is minor -- but likely the beginning >of a broader > shake-up. > "Mr. Lutz has a reputation as being a guy who can make these >moves when > they are necessary," Mr. Stewart said. "It is unlikely he was >brought in by the > brass at Newbridge to carry out just one." Bringing in some fresh talent will be good for Newbridge ! Lets hope Mr. Lutz's work will translate into renewed ferver within Newbridge. Regards...

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