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

To: Johnny Canuck who wrote (2513)	12/3/1997 9:15:00 AM
From: Jeffrey L. Henken	Read Replies (1) \| Respond to of 18016

Wednesday December 3, 8:53 am Eastern Time Company Press Release SOURCE: Newbridge Networks Corporation Newbridge Networks Announces First Step In Its Plan To Readdress Enterprise Networking KANATA, Ont., Dec. 3 /CNW-PRN/ - Newbridge Networks today announced the first step of its plan to more effectively address the enterprise market. The Company is refocusing its resources in this segment and formulating a comprehensive action plan which it expects to implement in the current fiscal quarter. The first step involves both the redeployment of resources and the reduction of approximately 280 positions primarily related to UB Networks products worldwide. ''This rebalancing of resources is being undertaken to reinforce the Company's approach to business opportunities related to enterprise networks,'' said Peter D. Charbonneau, President and Chief Operating Officer, Newbridge Networks. ''These adjustments are being made in a manner which ensures we honor the commitments we have made to our enterprise customers. ''Newbridge has a long tradition of success in the enterprise market. From the earliest days of the Company we have consistently derived about one third of our revenue from Global Fortune 1000 companies. Our strategic direction as we move forward will be to focus on addressing this market from our position of strength as a world leader in wide area networking (WAN) systems. In this regard, the Carrier Scale Internetworking (CSI) strategy announced by the Company at Networld + Interop in October, in conjunction with Siemens and 3Com, has been well received by enterprise customers. This technology is important to the delivery of scalable, end-to-end, fully managed networking services -- including premium Internet Protocol (IP) services. ''The joint acquisition of RADNET with Siemens, which we announced earlier this week, strengthens our ability to address the enterprise customers' requirements for broadband network access. This will further solidify our position as one of the premier suppliers in the WAN market for both corporate and carrier customers. We will continue to enhance this position by deepening and strengthening our relationships with other industry leaders and by focusing the Company's resources to address the robust demand for our broadband networking solutions.'' Newbridge Networks (http://www.newbridge.com) is a global leader in ATM, frame relay and advanced private line networking systems, according to independent research. The company designs, manufactures, markets and services a comprehensive family of networking products and systems that delivers the power of multimedia communications solutions to organizations in more than 100 countries throughout the world. Newbridge(R) products are the choice of an expanding range of customers which include the world's 200 largest telecommunications service providers, and over 10,000 corporations and government organizations. The company has facilities in Canada, the United States, Latin America, Europe, the Middle East, Africa, Asia and Australia. Newbridge Networks Corporation is a public company whose common shares are listed on the New York Stock Exchange (NN) in the United States and on The Toronto Stock Exchange (NNC) in Canada. SOURCE: Newbridge Networks Corporation