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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 9:30 AM EST
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To: pat mudge who wrote (9542)2/12/1999 7:15:00 AM
From: larry pollock  Read Replies (2) of 18016
 
The bottom line, as stated in The Globe and Mail, is that "Newbridge Networks Corp. has lost most of an estimated $333-million contract with WIC Connexus that was to be its springboard into a lucrative U.S. market and a major plank in it push to diversify its product line."

Newbridge announced this deal last year, and Wall Street, therefore, would not have expected NN to lose it. No matter what kind of spin anyone puts on this contract (is it in NN's forecast, is it in the backlog, etc.), this loss is another blow to NN's credibility, and its stock price.
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