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

To: Mark Kubisz who wrote (4649)	5/28/1998 12:49:00 AM
From: CJS	Respond to of 18016

>The big question mark is what will the state of the general market be >then? > Assuming things settle down (and they looked good in the late >going today), I think > that the market will react well to a report that meets or >exceeds expectations, > coming as it does after several disappointing quarters. The >analyst who recently > downgraded the stock thought they would exceed expectations by >a penny this > quarter, if I recall correctly. Its a hard call but I suspect the market will start to relax, besides having hard evidence such as good numbers the fact that Q4 will be in the black is enough of a spark to get a nice rally started. Of course should there be a general melt-down of the markets... well life can certainly be a "beach" ! <G> Regards...

To: Mark Kubisz who wrote (4649)	5/28/1998 1:22:00 AM
From: pat mudge	Respond to of 18016

The big question mark is what will the state of the general market be then? You're right and yet news can turn sentiment around on a dime: It's possible the MCI-WorldCom news that MCI most likely would sell off its Internet business to expedite the merger gave NN and CIEN strength today. The sooner it's final, the sooner they can push ahead with upgrading their systems. Reviewing NN's contracts with MCI: newbridge.com newbridge.com The merger status as reported in the Financial Times: >>>WEDNESDAY MAY 27 1998ÿÿAmericasÿ TELECOMS: EU, US take common line on merger By Samer Iskandar in Brussels The European Commission yesterday said its decision on whether to authorise the $37bn merger between MCI and WorldCom, the US telecommunications groups, would be announced with US anti-trust regulators. Karel Van Miert, competition commissioner, said both regulators were co-operating closely. "We are trying to obtain the same concessions," he told the European Parliament's economic and monetary affairs committee. A Commission official, however, said an exception would be made if US regulators prolonged their investigation beyond July 15, the deadline for a decision by the Commission. There is no time limit on the US investigation, which is led by the Justice Department. The Commission's main concern is that the merged company would have a dominant position in the market for internet access. Mr Van Miert yesterday reiterated his view that the merger would "lead to a dominant position in the supply of top level internet connectivity". His comments followed the EU's dismissal of claims by Bernie Ebbers, chief executive of WorldCom, that the Commission had accepted the company's method of calculating market share. "These allegations are simply not true," said the Commission. Mr Ebbers argued the combined shares of WorldCom and MCI in the internet market were less than 38 per cent, based on revenues. Rival groups - including GTE, which has taken legal action to try to stop the merger - claim WorldCom-MCI would control more than 50 per cent of the global internet market.>>> The most recent news from the Wall Street Journal: <<< Dow Jones Newswires -- May 28, 1998 MCI Plans To Sell Internet Assets To Speed Merger-Paper Dow Jones Newswires WASHINGTON -- MCI Communications Corp. plans to announce as early as today the sale of its Internet facilities, a deal meant to speed approval by European regulators of MCI's pending $37 billion sale to WorldCom Inc., according to sources familiar with the plan. By one account, Cable & Wireless PLC is the most likely buyer, the Washington Post reported. Analysts had predicted only a partial sell-off of Internet assets, which consist largely of switching equipment that routes electronic messages, would be necessary to meet the concerns of the European Commission. That agency contends that a combined WorldCom-MCI would control too much traffic along the main trunks, or backbone, of the Internet into and out of Europe. European regulators largely have agreed with deal critics GTE Corp. and other rivals that a combined WorldCom and MCI would carry more than half of the data traffic along the global Internet's backbone. The U.S. Department of Justice also is reviewing the merger, and plans to announce its findings jointly with the European regulators. The European Union has a July 15 deadline by which to decide the issue. Cable & Wireless, which would buy the Internet facilities for an as-yet undisclosed price, would add MCI's backbone to an Internet backbone that it build last year in the United States as a way to speed data through the crowded U.S. Internet market, the Washington Post reported.>>>