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Technology Stocks : Newbridge Networks

NN 11.31

-0.5%

9:30 AM EST

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To: Dennis R. Duke who wrote (5455)	7/8/1998 12:16:00 PM
From: JonnyQuest99	Read Replies (1) of 18016

U.S.-based Tellabs Inc. and Lucent Technologies Inc., are looking to acquire extra networking expertise. Three Newbridge Networks Corp. directors, including former vice-chairman Peter Sommerer, are leaving the Newbridge board in a move that analysts suggest could be a first step in selling the Kanata networking company. "I think Newbridge is being dressed up for a sale," suggested Duncan Stewart, manager of Toronto's Navigator Technology Fund. "Newbridge is trying to put on its best face, and this is the sort of thing a company would do to make itself attractive to a bidder." While other analysts agreed, they wouldn't say so publicly. Yesterday, Newbridge shares rose $1.25 on the Toronto Stock Exchange to close at $37. Mr. Stewart said a number of companies, such as U.S.-based Tellabs Inc. and Lucent Technologies Inc., are looking to acquire extra networking expertise. Full Story at: ottawacitizen.com

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