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

To: pat mudge who wrote (3248)	2/20/1998 9:01:00 AM
From: Chris Stovin	Read Replies (1) \| Respond to of 18016

A little something for the weekend! GUANGDONG POST AND TELECOMMUNICATIONS AUTHORITY AWARDS US $32 MILLION SUPPLY AGREEMENT TO NEWBRIDGE NETWORKS KANATA, Ont., Feb. 20 /CNW/ - Newbridge Networks today announced that it has signed a US $32 million agreement with the Guangdong Post and Telecommunications Authority (GPTA) for the supply of networking equipment for the expansion and upgrade of the province's digital data network (DDN). The agreement builds upon a multi-million dollar expansion announced in November of 1996. ''This contract is further evidence of the strong ties Newbridge Networks has forged in China and throughout the Central Pacific region,'' explained Constantin Loudiadis, Executive Vice President and General Manager, Asia and Pacific Region, Newbridge Networks. ''We look forward to continuing to work with Guangdong PTA in developing its network and delivering a comprehensive range of services to its customers.'' The network expansion and upgrade includes the initial deployment of frame relay services based on the Newbridge platform. Network and service management will be provided by the Siemens / Newbridge MainStreetXpress(TM) 48020 MultiNetwork Service Controller (MNSC). The MNSC will enable GPTA to provide integrated service management of MainStreetXpress 46020 Network Managers across multiple administrations operating in urban networks in cities throughout Guangdong province. Since 1992, Newbridge has installed networking equipment in some 150 public DDNs throughout the People's Republic of China. The Company installed the first public DDN service in China in the City of Shanghai and continues to service the National Public Digital Data Network backbone. 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 includes the world's 200 largest telecommunications service providers, and over 10,000 corporations and government organisations. 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.

To: pat mudge who wrote (3248)	2/20/1998 11:52:00 AM
From: S. M. SAIFEE	Read Replies (1) \| Respond to of 18016

Today expiration and strike is 22 1/2. should close @ 22 1/2.