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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (667)	2/1/2000 8:41:00 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 792

Newbridge Networks Announces Plan to Reduce Holdings in CrossKeys Systems Corporation KANATA, ONTARIO--Newbridge Networks Corporation (NYSE: NN; TSE: NNC) and CrossKeys Systems Corporation (NASDAQ: CKEY; TSE: CKY) announced today that Newbridge has filed with the Ontario Securities Commission and The Toronto Stock Exchange a notice of its intention to sell a portion of its holdings in CrossKeys, subject to regulatory approval. Newbridge and CrossKeys have worked together on this reduction in holdings. Newbridge currently holds approximately 4.9 million shares, or about 26.4 percent of the aggregate common shares outstanding in CrossKeys. Newbridge intends to sell approximately 1.3 million shares. After the sale, Newbridge will continue to hold approximately 3.6 million shares, or approximately 19.5 percent of the outstanding common shares of CrossKeys. "We support CrossKeys efforts to broaden its shareholder base by reducing our level of ownership," said Terence Matthews, Chairman and Chief Executive Officer, Newbridge Networks. "We recognize CrossKeys success in the multi-vendor marketplace and we are committed to continuing our strategic relationship with CrossKeys as a leading supplier of telecommunications software solutions." CrossKeys Systems Corporation develops and supports carrier-scale software that enables the world's largest and most demanding service providers to manage the equipment and traffic on their telecom networks. CrossKeys multi-vendor and multi-technology expertise enables service providers to offer business applications, such as eCommerce and VPNs, with the minimum of infrastructure investment and the competitive guarantees that enterprise end-customers require. More information on CrossKeys is available at www.crosskeys.com. Newbridge Networks designs, manufactures, markets and services wide area networking solutions for Internet service providers; local, long-distance, and wireless communications companies; cable television carriers; and corporate customers in more than 100 countries. Newbridge leverages its relationship with a family of Affiliate companies and strategic alliances with numerous other networking companies to deliver complete, end-to-end solutions. Newbridge(r) customers include the world's 350 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, Newbridge employs more than 6000 people on six continents. News and information are available at www.newbridge.com. "Newbridge" and logo are registered trademarks of Newbridge Networks Corporation. "CrossKeys" and logo are registered trademarks of CrossKeys Systems Corporation.