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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (2080)	7/2/2000 3:52:56 PM
From: Maple Leaf	Read Replies (1) \| Respond to of 3891

New job for Terry Mathews.Telexis of which Ala and Mathews both own a third. Also I read that fastlane was being bought for 100m by quest software.Wasn't fastlane a Newbridge affiliate or is my memory going? Matthews comes back with Telexis Job unknown, but belief in his magic touch continues Robert Thompson National Post The speculation on the future of Newbridge Networks Corp. founder Terry Matthews ended yesterday with the announcement he is taking over as chief executive of Ottawa-based Telexis Corp. Mr. Matthews, 57, owns 33% of the company through Celtic House, his venture capital organization. Alcatel SA owns another third of Telexis, while the rest is distributed among the company's employees, according to Newbridge. What's not clear is the role Mr. Matthews will play with the firm. Mr. Matthews could not be reached for comment yesterday, and Sarah Dehler, a spokeswoman for Telexis, said the company would be making several announcements in coming weeks. Eli Fathi, the company's previous CEO, will be taking the role of executive vice-president of business development. Mr. Matthews, the Welsh-born founder of Newbridge, has a lengthy history in Ottawa-area technology companies since creating Mitel Corp. with Michael Cowpland, Corel Corp.'s chief executive, in the late 1960s. The pair sold the firm in 1984; Mr. Matthews formed Newbridge in 1986. Mr. Matthews' move is likely to stir interest in Telexis, a company that has received little attention, according to Iain Grant, an analyst with Yankee Group in Canada. "Did we know much about this company before?" asked Mr. Grant. "Clearly not. Will we be looking at this more in the future? Well if Terry is involved, then this could be a rocket ship waiting to take off. We'll just have to see." Telexis is a 13-year-old business that started as an engineering and consulting company called Applied Silicon Inc. Canada. It became a Newbridge affiliate in 1996. The company creates Internet-based video monitoring products for large corporations. The products allow companies to manage the bandwidth that video on the Net uses. Internet video is expected to experience large growth over the coming year, Mr. Grant said, and Telexis appears to be well positioned to capitalize. But Mr. Matthews' position with the company will probably overshadow the technology, especially if a rumoured initial public offering is forthcoming. "If I were a betting man, I'd probably put my pension cheques behind [Mr. Matthews]," he said. "And I'd probably urge my grandmother to do the same." Mr. Matthews position in Newbridge has been the subject of speculation since the company was purchased by Alcatel, a French telecommunications company for $7.1-billion. Although he remains Alcatel's single largest shareholder, with a 3% stake, Mr. Matthews did not remain as an officer with the company and was cagey about his future plans until the Telexis announcement. He will continue with Alcatel as part of a "executive council" that is being set up by Serge Tchuruk, the company's chairman.