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

To: Frank Ferrari who wrote (12943)	8/24/1999 4:57:00 PM
From: Clay Takaya	Respond to of 18016

I like .18 better than .17. This is the best news release Newbridge has had in a long while. You don't suppose there will be a few people wanting to buy the stock tomorrow? Anybody have an Instinet quote available? CT

To: Frank Ferrari who wrote (12943)	8/24/1999 6:53:00 PM
From: Daniel	Respond to of 18016

[off main topic] - better solution for posting wide text Don't insert a long unbreakable line (e.g., your line of hyphens) to eliminate ragged long lines--narrow the source window (displaying the text you're copying from) before copying the text. Sticking in a long unbreakable line makes the message wider than normal. That affects everyone reading the message (requiring a wider window than standard SI messages, or horizontal scrolling). Daniel

To: Frank Ferrari who wrote (12943)	8/24/1999 7:01:00 PM
From: Daniel	Read Replies (1) \| Respond to of 18016

bottom half of biz.yahoo.com, formatted: Newbridge Networks Corporation Condensed Consolidated Statements of Earnings (unaudited) (Canadian dollars in thousands, except per share data) Fiscal quarters ended ----------------------------- August 1, August 2, 1999 1998 --------- ---------- Sales $495,070 $426,056 Cost of Sales 215,521 176,562 --------- ---------- Gross Margin 279,549 249,494 Expenses Selling, general and administrative 141,037 129,039 Research and development 67,621 67,156 Amortization of acquired intangibles 2,745 927 ----------- ----------- Income from operations 68,146 52,372 Net gain on investments 3,512 - Other expense (1,332) (1,598) --------- ---------- Earnings before income taxes and non-controlling interest 70,326 50,774 Provision for income taxes 21,705 14,978 Non-controlling interest 1,335 276 --------- ---------- Net earnings $ 47,286 $ 35,520 --------- ---------- --------- ---------- Earnings per share Cdn. GAAP - basic $ 0.26 $ 0.20 Cdn. GAAP - fully diluted $ 0.26 $ 0.20 U.S. GAAP - basic - US$ $ 0.18 $ 0.14 U.S. GAAP - diluted - US$ $ 0.18 $ 0.14 Weighted average number of shares Basic - Cdn. GAAP and U.S. GAAP 180,399 176,105 Fully diluted - Cdn. GAAP 180,399 176,105 Diluted - U.S. GAAP 182,500 178,419 Newbridge Networks Corporation Condensed Consolidated Balance Sheets (unaudited) (Canadian dollars in thousands) August 1, May 2, 1999 1999 Cash and marketable securities $ 630,742 $ 879,694 Accounts receivable 560,204 472,811 Inventory 271,373 210,286 Property, plant and equipment 463,242 455,483 Goodwill 38,939 40,022 Other assets 557,834 412,328 ----------- ----------- $2,522,334 $2,470,624 ----------- ----------- ----------- ----------- Accounts payable and accruals $ 365,955 $ 391,991 Income taxes 85,488 16,853 Long term obligations 392,620 386,890 Future tax obligations 54,277 123,088 Non-controlling interest 24,348 22,583 ----------- ----------- 922,688 941,405 Shareholders' equity 1,599,646 1,529,219 ----------- ----------- $2,522,334 $2,470,624 Supplementary Condensed and Consolidated Statements of Earnings (unaudited)(x) (Canadian dollars in thousands, except per share data) Fiscal quarters ended ------------------------- August 1, August 2, 1999 1998 ---------- ------------ Sales $495,070 $426,056 Cost of Sales 215,521 176,562 ----------- ----------- Gross Margin 279,549 249,494 Expenses Selling, general and administrative 141,037 129,039 Research and development 67,621 67,156 Income from operations 70,891 53,299 Other expense (1,332) (1,598) ----------- ----------- Earnings before income taxes and non-controlling interest 69,559 51,701 Provision for income taxes 20,520 14,978 Non-controlling interest 1,335 276 Net earnings $ 47,704 $ 36,447 ----------- ----------- ----------- ----------- Earnings per share Cdn. GAAP - basic $ 0.26 $ 0.20 Cdn. GAAP - fully diluted $ 0.26 $ 0.20 U.S. GAAP - basic - US$ $ 0.18 $ 0.14 U.S. GAAP - diluted - US$ $ 0.18 $ 0.14 (x)Supplementary earnings exclude the impact of net gain on investments, amortization of acquired intangibles, and non-recurring gains and charges.