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

To: pat mudge who wrote (13554)	10/7/1999 5:05:00 PM
From: Peppe	Respond to of 18016

Hello thread. I see the regulars are still actively defending their beloved NN. I kind of feel like Frazier entering Cheers when I'm on this thread. I don't quite fit in, I don't understand why most of the people here think the way they do, but I just keep coming back !! But I digress. NN closing below $25 today was not a good sign. I suggest that the NN shareholders contact Crescendo, the same crew that wants to fire management at CallNet and sell the undervalued company at something closer to its market value. There is no reason why NN should be valued so low in this market. There is no reason why NN shareholders should have to put up with this banal performance. One more for the road, Sam .... Peppe

To: pat mudge who wrote (13554)	10/7/1999 5:51:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

NN got contract for TV over ADLS: Kingston Communications to Offer Digital TV on ADSL London, Oct. 7 (Bloomberg) -- Kingston Communications Plc, a U.K. phone company that first sold shares to the public earlier this year, said it will introduce a digital television service, including full Internet access, over upgraded copper telephone lines as competition heats up for British TV viewers. The company, 49.9 percent owned by Kingston-Upon-Hull City Council, will begin service to customers in the 120 square-mile region around Hull on Oct. 18 using asymmetric digital subscriber lines, or ADSL. Beginning with 1,500 homes, the service will expand to Kingston's entire 155,000 customer base. The ADSL technology will enable Kingston to transmit information at 4.5 megabits per second -- almost 80 times as fast as regular phone lines -- allowing it to offer television, video on demand, and high-speed Internet access through the TV. Kingston will be the first company in the U.K. to offer full Internet access through the TV, although U.K. cable companies and other broadcasters are developing similar services. ``A lot of people don't have PCs -- we estimate that penetration is less than 20 percent in our franchise,' Chief Executive Steve Maine said in an interview. ``Delivering these new media services through the television set means we'll be able to open up the market.' Kingston shares rose 27.5 pence, or 6.3 percent, to 461p. The shares began trading July 12 at an initial offering price of 225 pence. None of the U.K.'s cable companies operate in Kingston's region and a digital TV service provided through antennas by ONdigital, co-owned by Carlton Communications Plc and Granada Group Plc, can't be received in the region, Maine said. Instead, British Sky Broadcasting Group Plc's satellite TV service, video stores and Internet service providers will be the chief competitors, Maine said. Expansion Kingston plans to try to expand the service outside of its area if it's able to gain access to British Telecommunications Plc's phone lines. The Office of Telecommunications ruled July 5 that British Telecom must open its local networks to rival operators by July 1, 2001. ``We have the capability to deliver these services over the telephone network, and the telephone network is, of course, ubiquitous,' Maine said. ``Elsewhere in the U.K., of course, we're wholly dependent on delivering the services over BT's network.' The most basic service will be available for less than 10 pounds ($16.54) a month and will include the decoder box needed to receive the service, Maine said. Exact prices for the service won't be released until Oct. 18, he said. The cost of developing the service will be revealed later this year, he said. Kingston Interactive Television will include the YesTV video- on-demand service owned by closely held Elmsdale Media. Video on demand enables customers to watch a movie whenever they want and to pause, fast-forward, rewind and stop it at will. The service will also include up to 55 TV channels, including channels from the British Broadcasting Corp., Flextech Plc, and BSkyB. Technology has been supplied by Ontario-based Newbridge Networks Corp. and decoder boxes by Element 14 Ltd., whose decoder box business was recently acquired by Pace Micro Technology Plc. Kingston raised 158 million pounds in a share sale in July to fund expansion of its phone network. Though the company has held a virtual monopoly in the 120 square mile region around Hull for most of its 97-year history, it has also pushed into the more lucrative market for business services, buying Torch Telecom from Yorkshire Electricity in 1996. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min.