Newbridge Networks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks

NN 13.85

+6.9%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NNThinker who wrote (5636)	7/21/1998 10:28:00 PM
From: pat mudge	Read Replies (1) of 18016

Sounds to me like Lawlor is eager to let the cat out of the bag on first quarter earnings! His remarks sounds very positive! I think you're right. Lawlor also confirmed that Lutz has cut C$34 million from the company's budget for the current fiscal year ending April 30, 1999, mainly in selling, general and administrative expenses. Newbridge chief financial officer Ken Wigglesworth said most of the benefits from the planned reduction in costs will show up in the company's bottom line in its fiscal second, third and fourth quarters. After the company's first-quarter results are released next month, the financial community will get a better idea of the impact of the planned cost-cutting measures, Lawlor said. This is a similar strategy taken by ASND when they hired a new CFO --- get the earnings up and keep them consistent. Pat

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next