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

To: Frodo who wrote (16625)	1/26/2000 8:42:00 AM
From: N_2_T_N_A	Read Replies (1) \| Respond to of 18016

Here it is.......... Globe says Newbridge mum on sale of division Newbridge Networks .... In the News The Globe and Mail reports in its Wednesday, Jan. 26, edition that Newbridge Networks would not comment yesterday on reports that it is considering selling off one of its most important product divisions. The Globe's Business Report column says The Financial Times reported on its Web site that Newbridge is contemplating selling its digital subscriber line (DSL) division. "It would make sense," says Paul Weinstein, an analyst at Credit Suisse First Boston. Newbridge spokesperson Sarah Miller said the company does not comment on rumours. However Newbridge confirmed that it is set to announce a $16-million contract to supply DSL equipment to Eircom PLC, Ireland's national phone company. DSL gear allows phone companies to offer television, movies and music on demand, as well as high-speed Internet access and telephone service -- all through traditional copper lines. Ms. Miller said the contract could expand to be worth about $200-million over the next few years. (c)