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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (12350)	7/22/1999 11:32:00 AM
From: zbyslaw owczarczyk	Respond to of 18016

Sprint Says Restructuring Of Global One Possible NEW YORK (Reuters) - Sprint Corp. (NYSE:FON - news), the No. 3 U.S. long distance telephone company, said Thursday it is in talks with its international partners and that a restructuring of their joint venture, Global One, is possible. ''The three partners of Global One are in ongoing discussions to address alignment of their respective international strategies. These discussions include the possibility of restructuring the ownership of Global One,'' Sprint Chief Financial Officer Art Krause said in a conference call following the company's second quarter earnings report. Sprint's partners include Deutsche Telekom AG (NYSE:DT - news) and France Telecom (NYSE:FTE - news) . Analysts have said the fate of the money-losing venture remains in question following Global One's recent announcement that its chief executive, Gary Forsee, would step down this month. The partners also have clashed over the strategy and direction of Global One, which provides telecommunications services to multinational corporations, analysts have said. Sprint did not provide additional details but said it is committed to ''a prompt resolution'' of these discussions. Sprint said Global One's second quarter revenues were $241 million, about 7 percent below the year-ago quarter. Revenues continue to be hurt by regional global economic conditions and competitive pricing pressures, Sprint said. Sprint's share of losses from Global One were $63 million in the second quarter, compared to $42 million a year ago.

To: pat mudge who wrote (12350)	7/22/1999 5:02:00 PM
From: fumble	Read Replies (1) \| Respond to of 18016

What about IXC? See today's New York Times business section.. This article is available today free on their web site - may cost $ tomorrow.. Telecommunications Deal Carries Plenty of Intrigue nytimes.com "But while IXC created a great asset in a 13,000-mile network -- with plans to expand to 18,000 miles by next year -- the company failed to develop the advanced communications services and internal systems that would allow it to translate the asset into a generator of sustainable profits. That led to missed targets and unhappy investors." What is the story with respect to Newbridge equipment. Is Newbridge part of the problem or the solution?