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Technology Stocks : Newbridge Networks
NN 16.09-0.2%11:37 AM EST

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To: pat mudge who wrote (11148)5/5/1999 8:39:00 AM
From: Rob C.  Read Replies (1) of 18016
 
Pat,

They did it again...

Newbridge Warns of Shortfall; priceline.com Tops Views but Trades Down
By Heather Moore
Staff Reporter
5/4/99 7:43 PM ET

Blaming lower than expected sales, Newbridge Networks (NN:NYSE) warned its fourth-quarter earnings will come in around 12 cents to 14 cents a share. The 15-analyst First Call forecast called for earnings of 21 cents vs. the year-ago 12 cents.

In other earnings news (or non-earnings news, as the case may be), priceline.com (PCLN:Nasdaq) slipped to 128 in late Instinet trading from a regular-session close of 134 following its first-quarter report. The e-commerce company, which went public in March, reported a quarter loss of 12 cents a share, a penny narrower than the five-analyst outlook. Revenue rose 160% from the fourth quarter.


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