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

To: Bob Howarth who wrote (16497)	1/12/2000 9:30:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

SeaBridge sales to off set charge for work force reduction? This quarter NN will take some charge for work force reduction. NN contribution to SeaBridge purchase was 59 millions(about 50%). After original purchase, NN put significant contribution to development of 36140 and 36144 ATM access switches. We do not know how much Siemens paid to NN 49% stake, but I am pretty sure is was much more then 59 million. Since NN does need these switches which do not fit into 3dSL/LMDS access strategy (350 access node) it was quite smart move to off set charge with capitol gain. NN will also reduced cost of R&D by not founding half of 200 SeaBridge employees. Zbyslaw