To: notredame who wrote (2938 ) 2/2/1998 6:24:00 PM From: pat mudge Read Replies (1) | Respond to
[Off --- CKEYF] If any of their sales are based on NN, then adding might not be so attractive. The strong performance in WAN packet business was driven by the industry's flagship ATM system, the MainStreetXpressT 36170 Multiservices Switch, which also achieved record order intake, revenue and backlog again this quarter. Both order intake and revenue for this product increased approximately 50% sequentially. Orders received for the MainStreetXpress 36170 switch were almost six times the level achieved in the second quarter of fiscal 1997, while revenue was more than five times the second quarter fiscal 1997 level. "The Company's enterprise business did not meet our expectations for the quarter. The shortfall results from declines in business levels associated with the former UB Networks, which we acquired in January 1997. When we acquired UB Networks, we characterized it as a turnaround situation. Clearly, the performance of this segment of our business has been disappointing. We are examining the options available and we are developing a comprehensive action plan to effectively address this market space. We expect to have largely completed the necessary actions within the current fiscal quarter and we will communicate the details more fully as we proceed. newbridge.com UB Networks is a manufacturer of local area network equipment based in Santa Clara, California.
