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Technology Stocks : Newbridge Networks
NN 14.46+5.7%2:19 PM EST

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To: larry pollock who wrote (9396)2/5/1999 1:29:00 PM
From: zbyslaw owczarczyk  Read Replies (2) of 18016
 
Larry, you statment is worthless(why?)
Let do the calculation:
a)ravenue 450
b)expences 193,down in single number(ref.cc)from 199
c)tax on results from operations 30%
d)overall tax for this Q will be higher due to gains(affiliates)
e)currency 1.51
flat margins 58.5%!!!

450x0.585=263.25-193=70.5(income before tax)
70.5x0.7=49.2 after tax
49.2/180 sheres=0.27Can/1.51=0.18US!!! as they stated in press releases

Still gains from affiliates may only lower overall eps.

Zbyslaw
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