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Technology Stocks : Newbridge Networks

NN 15.87

+2.5%

Dec 5 9:30 AM EST

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To: pat mudge who wrote (8691)	12/22/1998 10:40:00 PM
From: Ian@SI	Read Replies (2) of 18016

Some interesting speculation on what NN might wish to do with its $1B Cdn horde... biz.yahoo.com Tuesday December 22, 5:16 pm Eastern Time Canada's Newbridge builds war chest, eyes purchase By Lydia Zajc TORONTO, Dec 22 (Reuters) - Canadian telecommunications firm Newbridge Networks Corp. (Toronto:NNC.TO - news) has socked away nearly C$1 billion in cash to boost client confidence and fund possible acquisitions, analysts said on Tuesday. The war chest has been built by selling off stakes in affiliate companies. Last week Newbridge sold its 30-percent holding in Vienna Systems, an Internet telephony firm, to telecom equipment maker Nokia for $90 million. ...

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