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

To: Serge Collins who wrote (2959)	2/2/1998 8:23:00 PM
From: notredame	Respond to of 18016

KANATA, Ont., Feb. 2 /CNW-PRN/ - Newbridge Networks Corporation today announced preliminary estimates of financial results for the third quarter of fiscal year 1998, which ended February 1, 1998. Revenue for the third quarter is expected to be approximately $360 million, compared with revenue of $333 million for the third quarter of fiscal 1997. Revenue for the first nine months of fiscal 1998 is expected to be approximately $1,227 million, an increase of more than 30% over the comparable period for the prior fiscal year. Excluding one-time currency, calculated in accordance with U.S. GAAP, and translated at charges and gains, pro forma fully diluted earnings per share for the quarter are expected to be 10 cents, in accordance with Canadian GAAP. Fully diluted earnings per share on a pro forma basis, in U.S. the average exchange rate for the quarter of 0.7006, as reported by the Federal Reserve Bank of New York, are expected to be 7 cents. Well, revenue has increased by 30% if that is any consolation. It will be tough in the short term.