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

To: julian hatfield who wrote (5475)	7/8/1998 5:59:00 PM
From: Rhys Roberts	Respond to of 18016

I disagree strongly with your view on the whole Mitel episode. (although your legacy idea is very good). Please read or re-read this post I made ages ago in this forum It has links to two really interesting articles on TM. Message 3546939 The Newbridge articles aren't in my opinion as good as the Mitel one. Your point that NN can't make acquistions work is incorrect and that CSCO has made them all integrate like a dream is hogwosh. Last year during their summer of acquistions they had difficulties with overlap to the point that a Sprint official said on a single request he recieved 3 diffrent return calls from diffrent people who knew nothing of one another! Hardly perfect! Regards Rhys

To: julian hatfield who wrote (5475)	7/8/1998 6:06:00 PM
From: Peppe	Respond to of 18016

julian, thanks for taking some of the heat off me there. Now this thread has a new target !!<vbg> All in all, I'd say you and I are on the same page. I'm betting (with Dec. 25 calls) that TM is bright enough to know he's not going to rule the world and he'll find a buyer for NN. Cheers, Peppe

To: julian hatfield who wrote (5475)	7/8/1998 6:46:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

but Cisco has acquired something like 150 companies in its history (big, small, perfect fits, tight fits, in core market, in related markets) and has made all of them work. Cisco may have acquired 150 companies but it has not made them all work. Where is Dagaz today? And what's the latest from NetSpeed? I'm new to this game, but I'm sure others have other examples. They sort of remind me of my rancher-grandfather who used to test watermelons by cracking them open. Pat

To: julian hatfield who wrote (5475)	7/10/1998 12:57:00 AM
From: Geof Hollingsworth	Read Replies (1) \| Respond to of 18016

you're obviously too young to remember TM bailing Mitel Corp. (the other company he "built from scratch") straight into the arms of BT in the early eighties Ah, another historian-I love it! My understanding of the Mitel situation is a little different. I think virtually all of their business was derived from selling PBX's and related equipment to the Bell System, who in turn re-sold it to the customers in their respective regions. In a last-minute modification to the consent decree in 1984 (thank you Judge Greene ), the newly-minted RBOCs were forbidden from providing/reselling CPE like PBX's, and overnight Mitel's primary distribution network disappeared. As you say, TM did the sensible thing and found a good home for the people and products, which I think should give everyone here comfort, but I don't see a similar situation on the horizon here. BTW, if I have been misled about the history, I'm sure this thread has many who will correct the tale <G> I know it has been posted here many times, but an additional reminder about acquisitions-NN is stuck with Canadian accounting rules which do not permit pooling. How many acquisitions would Cisco have made if they had to pay cash and use purchase accounting? How long ago would they have run out of book equity?