Newbridge Networks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Newbridge Networks

NN 11.97

+5.3%

Nov 21 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stam who wrote (11346)	5/9/1999 8:42:00 PM
From: Stam	Read Replies (1) of 18016

Here is a recent report from S&P Marketscope NEWBRIDGE NETWORKS CORP - NN Report Date:05/05/99 Time:08:00am designs, makes, markets and services a comprehensive family of networking products and systems that enables customers in more than 100 countries to access the power of multimedia communications. STARS Ranking: 2000 (Apr.) EPS estimate $1.44 FY 1999 (Apr.) EPS estimate $0.92 FY 1998 Reported loss -$0.10 Tel.# -- 613-591-3600 5/5/99 7:55 am... DOWNGRADING NEWBRIDGE NETWORKS (NN 37) TO AVOID FROM HOLD... Preannounces Q4 FY 99 (Apr.) EPS of US $0.12 to $0.14 vs $0.22 Street estimate... Second straight EPS shortfall... Total sales up 16%, but $100 million below our est... Shortfall result of poor supply- chain management, lack of capacity... Demand was strong as orders for WAN products up 30% from Q3, but NN couldn't fill orders... See difficult transition while problems addressed, could lead to lost customers as orders become delayed... Cutting FY 00 est. US$0.16 to US$0.94 (C$1.44).. Shares of unpredictable co. expensive at 39X. /M.Cavallone

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next