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

To: pat mudge who wrote (4602)	5/21/1998 2:29:00 AM
From: revbill	Read Replies (1) \| Respond to of 18016

pat, the article will probably be in thursday's financial post. it refers to the comments being made yesterday which would be wednesday. so i would say that the report was out wednesday. what do you think of his analysis?

To: pat mudge who wrote (4602)	5/21/1998 11:03:00 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

Pat, do you have access do Dell'Oro report?, so we can know if 24% market sheres in WAN ATM owned by NN is in US only (NN is much stronger in Europe then US) or on worldwide basis.

To: pat mudge who wrote (4602)	5/21/1998 9:52:00 PM
From: Brett Nelson	Read Replies (1) \| Respond to of 18016

Pat - What do you think of this article on Bay? www2.techstocks.com Update on the potential sale of BAY Sources: Nortel to snap up Bay by next month By Jim Duffy and Sandra Gittlen Network World Fusion, 5/15/98 Northern Telecom, Inc. is looking to purchase Bay Networks, Inc. within the next four or five weeks, according to Bay and Nortel business partners who requested anonymity. Nortel would like to announce the Bay acquisition at the Supercomm '98 trade show in Atlanta the week of June 8, the sources said. These sources added that Nortel did indeed make an offer for Bay before last week's NetWorld+Interop '98 show in Las Vegas. Reports circulated early this week that Nortel made this offer and that Bay rejected it for a higher price. This reported volley, which Bay and Nortel declined to comment on, boosted Bay's stock price by 16%. The amount of the alleged offer is not known, but observers say it was between $32 and $35 per share, or $7.3 billion to $8 billion. Bay shares are currently trading at $26.38. Observers believe Bay will agree to be acquired for $40 per share, or $9.1 billion. The company's market cap is currently $5.5 billion. Nortel would like to grab Bay before October. October is when Nortel rival Lucent Technologies, Inc. could bid for Bay in a pooling of interest transaction, which may be preferable to a cash purchase for a deal of this size. Because it is majority-owned by Canadian telecom giant Bell Canada Enterprises, Nortel is precluded from pooling stock to buy an American company. Pooling of interests allows companies to combine balance sheets and report higher earnings without tax impact. Lucent was prohibited from pooling for two years after being spun off from AT&T. Nortel and Bay officials did not comment.