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Technology Stocks : CrossKeys Systems Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Steve Bevington who wrote (31)1/19/1998 9:14:00 PM
From: pat mudge  Respond to of 39
 
Steve --

Here's a recent news release affecting both NN and CKEYF.

I've held CKEYF since about a week after its IPO and I have to admit this is the first time I've seen the thread. Would you like me to contact the webmaster and get a thread started under "Communications?" I think it would get more followers.

Since I'm new here, I'll wait for your guidance.

Regards,

Pat

<<<
Mon 19 Jan 98 In the News

See Newbridge Networks Corporation (NNC)

In the News The Globe and Mail reports in its Saturday, January 17, edition that Canadian telecommunications companies expanded their foothold in the vast, undeveloped Brazilian market yesterday, leading the parade of 66 companies signing business deals with Brazilian counterparts. The Globe's Shawn McCarthy writes that Newbridge Networks signed the biggest contract, a $25 million deal to supply its ATM data switching technology to Brazil's long distance carrier Embratel, or Empresa Brasileira de Telecomunicacoes.

Newbridge spinoff CrossKeys Systems executed a letter of intent worth $2.9 million with Digital Equipment do Brazil to supply traffic management software for the Telecomunicacoes do Parana, or Telepar, telephone network.

The federal Export Development Corp. (EDC) signed seven pacts,
establishing $158 million in lines of credit. The EDC negotiated a $60 million line of credit to support future sales by Newbridge and Northern Telecom to Embratel. Nortel had $500 million in sales in Brazil last year.<<<



To: Steve Bevington who wrote (31)1/19/1998 9:26:00 PM
From: pat mudge  Read Replies (1) | Respond to of 39
 
Steve --

This was posted on the Spectrum Signal Processing thread and I'm reposting b/c the information belongs here:



To: pat mudge (504 )
From: Frank Ferrari Saturday, Jan 17 1998 11:30AM EST
Reply # of 508

[CrossKeys and Newbridge]

Hey Pat,

FYI, Crosskeys and NN signed 2.9 and 30 million dollar deals, respectively, in Brazil yesterday. The stories are featured in the Ottawa and National press today. The Canadian Prime Minister is on a trade mission in Latin America with a number of companies. Usually a number of fairly large deals are finalized on these trips.

Also, Terry Matthews has announced that they are building a large new campus for NN employees and customers. It includes a large hotel, golf course and deluxe fitness facilities in addition to added office and research facilities. Within 7 years the number of people working on the NN campus could jump from 3500 to 8200.

ottawacitizen.com

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