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

To: Peppe who wrote (5122)	6/12/1998 4:49:00 PM
From: Mark Kubisz	Respond to of 18016

The following is the full text of an article that appeared in yesterday's (June 11) Globe and Mail: Crosskeys rings in soaring profit Telephone companies propel firm's earnings by buying its networking software By Mark Evans Technology reporter Crosskeys Systems Corp.'s fiscal 1998 earnings have soared, propelled by higher sales of software used by telephone companies to operate their networks more efficiently. The Kanata, Ont.-based company said it had profit of $4.8-million or 28 cents a share in the period ended April. 30, up from $163,000 or 1 cent a year earlier. Revenue rose 80 per cent to $38.7-million from $21.5 million. President John Selwyn said the improved earnings were fuelled by strong demand for software by telephone carriers, and distribution agreements with Newbridge Networks Corp. of Kanata, Ont., Siemens AG of Germany and Digital Equipment Corp. of Maynard, Mass. "We have behaved very strategiclly, thinking about what it takes to be a supplier to the carriers," he said. "It's not a flashy story, it's a quiet, quality story of building relationships over the long term with carriers." Newbridge accounted for 46 per cent of CrossKeys' revenue last year while Siemens was responsible for 44 per cent and Digital 10 per cent. Selwyn said discussions are taking place with equipment makers, system integrators and software cmpanies to expand CrossKeys' distribution base. He said CrossKeys recently talked with Hewlett-Packard Co. of Palo Alt, Calif., about including tis software in Hewlett-Packard equipment. Crosskeys started trading in December after it raised $50.1-million through an initial public offering of 3.35 million shares at $14.95 each. The shares, which hit a high of $22.50 on Jan. 5 on the Toronto Stock Exchange, rose 50 cents yesterday, to close at $14. Mr. Selwyn said the shares likely have declined from their January high because of soft market conditions and a sharp fall in the price of Newbridge's stock. Crosskeys was the first of Newbridge's stable of affiliated companies to go public. Newbridge retains a 25-per-cent stake. In the fourth quarter, CrossKeys' profit more than doubled to $1.6-million or 8 cents a share, from $700,000 or 4 cents a year earlier. Revenue climbed 54 per cent to $11.1-million from $7.2-million.

To: Peppe who wrote (5122)	6/13/1998 4:06:00 AM
From: pat mudge	Read Replies (2) \| Respond to of 18016

Spoke to some people who were at SuperComm and they told me NN was invisible. Peppe -- I don't know what your sources were expecting, but if they'd taken the time to check out all NN's displays, they couldn't have said they were invisible. I was at the show from Monday through Wednesday and NN's booth was crowded every time I passed by. Their DSL demo runnning Efficient Network's ATM over ADSL was one of the best at the show. Now, back to the earlier topic of industry statistics, I ran across some articles on Alcatel's website I found interesting: alcatel.com; alcatel.com; alcatel.com;