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Technology Stocks : Newbridge Networks
NN 15.70+5.2%Jan 16 3:59 PM EST
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To: Rob C. who wrote (11681)6/1/1999 7:11:00 PM
From: Serge Collins  Read Replies (2) of 18016
 
This line appeared in the first paragraph of the May 4th press release, "Operating earnings for the quarter are expected to be US 12 cents to 14 cents."

Actual operating earnings -- a loss of CND$20.8 million. Once again investors have been mislead. At no time did Newbridge warn about a huge restructuring charge. I can't wait to hear the explanation on this.

Newbridge might be the "Great Teflon Stock", but I have to say, things are starting to get a little sticky.
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