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

To: Maple Leaf who wrote (2379)	11/4/1997 7:56:00 PM
From: Buckeye	Respond to of 18016

Merrill Lynch lowered the Oct qtr est from US$.30 to .23. They also lowered their calendar 98 est. from $1.71 to $1.40. The rev. indication of $435 myn Cdn was also $35 myn below forecast . . a significant shortfall any way you look at it. UB networks is the primary culprit, $44 myn in revs vs ml est $69 myn . . when nn bought ubs they were running at $90 myn revs. qtr., now they're doing less than half. Admittedly, part of this is due to the delay in the new vivus release but it has to throw cold water on those who thought TM could do no wrong.