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Technology Stocks : Newbridge Networks
NN 14.35-18.6%3:43 PM EST
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To: Peppe who wrote (10036)3/5/1999 10:09:00 AM
From: pat mudge  Read Replies (1) of 18016
 
It was in Newbridge's press release in June or July of 1998 that the WIC "contract" was worth $450-$500 million. They set the expectation last year. I would call that lucrative.



Potentially lucrative is a lot different from lucrative and by the way the journalist phrased it, it sounded as though NN had lost revenues. The truth is they were financing the customer and had no clear view of when the job would make money. Alan made it patently clear that analysts were not to factor anything into their models for the wireless contracts.

Pat
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