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Technology Stocks : Newbridge Networks

NN 11.49

-8.3%

3:33 PM EST

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To: Doug who wrote (9576)	2/12/1999 4:23:00 PM
From: pat mudge	Read Replies (2) of 18016

Anyone: On 28Oct,98, NN in a press briefing stated they had a Telecom Invention which was a breakthru in Networking technology. In this connection see:http://www.nationalpost.com/financialpost.asp?f=981028/1969478 Doug -- That announcement was broken by Jill Vardy and NN was forced to respond. They'd planned to release the technology in the spring, I believe at InterOp. To blame the company for not keeping promises they didn't choose to make public is unfair. Today's Connexus fiasco is unfair as well. Shaw took over WIC Connexus in a hostile take-over when they were having financial problems. The LMDS contract was given to Connexus based on the fact they were a non-communications company and since Shaw isn't, they're in limbo on their LMDS roll-out. The journalist who broke the story didn't have all the facts and NN's had to take it on the chin as a consequence. If a contract has to be put on ice, I'm glad it's one that wasn't expected to generate revenues until some time in the future. Your dragging out the Jill Vardy press is beneath your usual professionalism. This is a company that's turned itself around beautifully. Their ATM sales are going through the roof. They have a new management team that's creating products set to turn heads from one end of the industry to the other. They have a strengthened alliance with Siemens, a global leader re-inventing itself here in the U.S. They have contracts with BT, AT&T, SBC, G1 and a long list of other players that's enviable by any standard. They're the ATM-WAN leader in an industry that's on the verge of exploding. Anyone who whines about lumpy TDM sales or a lost contract from a company on the edge of extinction does him or herself a disservice. Which is fine. I just take offense when that sort of thinking is passed off as well-reasoned. Remember that scene from Network???? I'm mad as hell. . . Well, maybe not that mad. Pat

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