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

To: pat mudge who wrote (16793)	2/2/2000 7:57:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

NO NEWS IS GOOD NEWS Share-price rise signals profits on track; acquisition talk grows James Bagnall The Ottawa Citizen The share value of Newbridge Networks Corp. jumped 16.3 per cent yesterday, based in part on analysts' rising confidence that the company will meet or exceed its financial targets for its third fiscal quarter ended Jan. 30. Heightened investor interest in the possibility Newbridge could soon be acquired is likely also a factor. If Newbridge's sales or earnings had come in significantly below consensus projections, the analysts' thinking goes, this information would have already been conveyed to the public in the form of an earnings "preannouncement." "When you cover Newbridge," said George Hunt, an analyst with Intersate/Johnson Lane, a U.S.-based securities firm, "you're happy when you hear nothing." Newbridge could still surprise people with an early warning, but the odds of its doing so lengthen with each passing day until Feb. 22, the scheduled release date for its results. The consensus estimate for the quarter, according to IBES Inc., calls for a profit of 13.5 cents U.S. a share, down from 17 cents U.S. for the year -ago period. Mr. Hunt reckons Newbridge will report sales of $485 million, up from $450.8 million a year earlier. Rumours about a near-term acquisition of Newbridge could also be helping to drive up the price of the shares, which closed yesterday at $47 on the TSE, up $6.60. "There's more chatter south of the border about an acquisition," said Rob MacLellan, an analyst with CT Securities, "and when you get U.S. momentum investors involved, the share price starts rising." It's been three months since Newbridge chairman Terence Matthews revealed that he would be willing to consider selling his company to a larger player. But only recently has the firm appeared close to taking a definitive position. Among the firms most actively doing due diligence within Newbridge is Alcatel SA, the France-based multinational, which is aggressively pursuing the North American data-networking market. Siemens AG of Munich, Tellabs Inc. of Chicago and Marconi PLC of Britain are also potential candidates. Newbridge added a fresh wrinkle yesterday when it filed a notice of its intention to reduce its 26.4-per-cent stake in CrossKeys Systems Corp. of Kanata to 19.5 per cent. On one hand, this could be taken as a sign that Mr. Matthews really is interested in withdrawing from his Newbridge empire. CrossKeys was the first Newbridge affiliate, one of what became more than a dozen start-ups funded with capital from Newbridge and Mr. Matthews personally. Newbridge has recently unloaded its stake in several affiliates and acquired others outright. But much of this activity was prompted by former chief operating officer Alan Lutz. On the other hand, several potential acquirers of Newbridge might find CrossKeys useful. It makes software that allows Newbridge gear to work with telecommunications equipment from other firms, including competitors. CrossKeys software, in other words, is the glue that ties everything together. Seen in this light, the reduction of Newbridge's CrossKeys stake could suggest an acquisition is further away. Investors yesterday appeared more inclined to believe the former.

To: pat mudge who wrote (16793)	2/2/2000 9:00:00 AM
From: Tunica Albuginea	Read Replies (4) \| Respond to of 18016

Pat you are in at 45, :-), NN Sweepstakes tally update: ÿÿÿÿ .....................Min.TM accepts................Min/Max.NT offers.........Min/Max. CSCO offers ÿÿÿÿÿ ÿÿÿÿÿ =================================================== ÿÿÿÿ gbh: ....................value varied on whether offer is in cash or stock. ÿÿÿÿ Sam W. Turner ..30(cash)40stock................X......................................X ÿÿÿÿ Bob Howarth......X........................................30-45...............................X ÿÿÿÿ Ian .....................32.......................................34-44................................0 ÿÿÿÿ blaeiro1.............44.......................................40-48................................0-60ÿ ÿÿÿÿ beach.................40.......................................50......................................60ÿ ÿÿÿÿ Pat....................45................................................................................. ÿÿÿÿ TA.....................45.......................................40-60.................................90 ÿÿÿÿ MM....................42 - 62............................... 65 .....................................80 ÿÿÿÿ JS......................50.......................................30-50 ................................CSCO ???? Others: 50. (Alcatel, Siemens) ÿÿÿÿ Charlie Tuna.....100.....................................100....................................100 ÿÿÿ ==================================================== ÿÿÿÿ TA --------------------------------------------------------------------------------------- To: Peppe who wrote (16789) ÿÿÿÿ From: pat mudge ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Wednesday, Feb 2, 2000ÿ 1:16 AM ET ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Reply #16793ÿ of 16795 ÿÿÿÿ ALA at $45? ÿÿÿÿ I'll second that --- as long as we're throwing our guesses on the table. ÿÿÿÿ Pat ------------------------------------------------------------------------- To: Tunica Albuginea who wrote (15340) ÿÿÿÿ From: Tunica Albuginea ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Sunday, Dec 5, 1999ÿ 12:54 AM ET ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Reply # 15352 of 16795 Message 12191040 ÿÿÿÿ NN Sweepstakes tally update: ÿÿÿÿ --Min.TM accepts-------------------Min/Max.NT offers-----Min/Max. CSCO offers ÿÿÿÿ ---- ------------------------------------------------------------------------------ ÿÿÿÿ gbh: .....................value varied on whether offer is in cash or stock. ÿÿÿÿ Sam W. Turner ...30(cash)40stock................X......................................X ÿÿÿÿ Bob Howarth......X........................................30-45...............................X ÿÿÿÿ Ian .....................32.......................................34-44................................0 ÿÿÿÿ blaeiro1.............44.......................................40-48................................0-60ÿ ÿÿÿÿ beach.................40.......................................50......................................60ÿ ÿÿÿÿ TA.....................45.......................................40-60.................................90 ÿÿÿÿ MM...................48 .....................................42 - 62............................... 65-80 ÿÿÿÿ JS......................50.......................................30-50 ................................CSCO ???? Others: 50. (Alcatel, Siemens) ÿÿÿÿ Charlie Tuna.....100.....................................100....................................100 ÿÿÿÿ TA ÿÿÿÿ ================================================ ÿÿÿÿ Message #15334 from Tunica Albuginea at Dec 3 1999 10:58PM ÿÿÿÿ Jim Calladine?everybodY:Critical question: What price areÿ ÿÿÿÿ we to consider adequate? ÿÿÿÿ Scenario: ÿÿÿÿ NT comes in at $40US/$60Can: Do we hold because TM will take ÿÿÿÿ it and because CSCO will come in with higher offer?ÿ ÿÿÿÿ Or, ÿÿÿÿ do we sell because he won't take it and price will drop back to 20s. ÿÿÿÿ I would like to open a competition; I will keep tab: ÿÿÿÿ Re: What isÿ ÿÿÿÿ the minimum price at which TM is likely to sell? ÿÿÿÿ the min/max that NT is likely to go? ÿÿÿÿ *the min/max price CSCO is likely to ante up with? ÿÿÿÿ Just post it here; I will start ( all in US $ ): ÿÿÿÿ NAME--Min.TM accepts---Min/Max.NT offers-----Min/Max. CSCO offers ÿÿÿÿ ------------------------------------------------------------- ÿÿÿÿ TA------$45---------------$40--$60(1 - 1 1/2 shares)--------$90 ( 1 share ) ÿÿÿÿ TA