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

To: Michael M who wrote (16735)	1/28/2000 8:04:00 PM
From: thebeach	Respond to of 18016

Good luck to you as well and all here for that matter.I have followed NN for years and as a bellweather Canadian stock they can right a whole lot of wrongs by striking a deal at least at $60 Canadian.

To: Michael M who wrote (16735)	1/29/2000 10:48:00 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

Globe and Mail SIMON TUCK Technology Reporter Thursday, January 27, 2000 Ottawa -- Newbridge Networks Corp. shares jumped more than 16 per cent yesterday, fuelled by new confidence that the communications equipment maker's third quarter will show a strong rebound and growing speculation that the company could be sold within weeks. Some analysts said yesterday that they expect Newbridge to beat the consensus earnings estimate of 11 cents (U.S.) a share during the quarter and attribute the strength to a turnaround in the company's U.S. sales. When it warned late last year of disappointing sales and earnings in its second quarter, Kanata, Ont.-based Newbridge said it lost ground to arch-rival Lucent Technologies Inc. in U.S. sales of its key product -- a switching technology called asynchronous transfer mode or ATM. And takeover speculation continues to buoy the stock, said Robert MacLellan, a technology analyst at Canada Trust Securities Inc. in Toronto. He said industry sources have told him that Newbridge could be sold within two weeks. "It could be done." Newbridge shares gained $5.75 or 16.8 per cent to $39.95 yesterday on the Toronto Stock Exchange, its highest value since September. A Bay Street darling just over two years ago when the share price reached a high of $95, the stock has suffered since and has sat on the sidelines during North America's recent bull market. But the company appears to have turned the corner, Mr. MacLellan said. "The impression we get is that the quarter looks very good." Newbridge spokesperson Sarah Miller wouldn't comment on the share price gain or on expectations for the company's quarterly results. But a Newbridge press release on Jan. 7 said "the company is experiencing increasing demand, especially in North America." Pearse Flynn, who has moved quickly to restructure Newbridge in his two months as president and chief operating officer, has said he's noticed the early signs of a turnaround in the United States. "Our ambitious efforts to quickly restructure Newbridge are starting to pay off," he said in the release. The company's prospects are also being lifted by its new 50-gigabit switch, which is being tested in lab trials, and is considered the heftiest in its class. Newbridge's next major product release, Mr. Flynn has said, will be a 450-gig switch that is scheduled to be released in about six months, and which should give Newbridge a technological lead over its competitors. Eric Blachnow of Philadelphia-based Pennsylvania Merchant Group said he has heard speculation about a handful of possible suitors but is trying to remain focused on the company's revenue growth. "There are so many rumours floating around here." Newbridge's third quarter ends Jan. 31 and the company is scheduled to release results Feb. 22.