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

To: thebeach who wrote (16732)	1/28/2000 7:43:00 PM
From: zbyslaw owczarczyk	Read Replies (2) \| Respond to of 18016

Ken Wigglesworth, Newbridge's chief financial officer, said the pressure isn't surprising. "Institutions call very regularly, period, and I'm sure some of them are asking 'what's happening,' 'how long is this going to take,' 'this seems like a long time,' and so on," said Mr. Wigglesworth. "We're providing no signals or anything. We're going about our business." He said the expectation of news by Feb. 22 is a deadline set by the markets, not by Newbridge, which has set no internal deadlines for pursuing strategic alternatives. "I think it's just that Feb. 22 is the next time Newbridge will be communicating in a detailed way with the public so people see that as a meaningful date. On the analyst conference call that day there's no way questions won't be asked on that area if we said nothing. "You don't go out for drinks and sign a multi-billion dollar deal," he continued. "Generally this process takes time and the best interest is to go through all the alternatives at the full extent and do what you have to do. Clearly we have shareholder value in mind."