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


To: Doug who wrote (5909)8/10/1998 12:01:00 AM
From: pat mudge  Respond to of 18016
 
Doug --

I don't have enough wine in the house to tackle your quiz.

However, waiting for the paint to dry, I took another look at Energis since NN has an impressive contract with them.
newbridge.com

The Chairman's recent address to shareholders features Newbridge:
energis.com

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29/07/98

Energis plc Annual General Meeting: Extract from the Chairman's Statement

In his address to shareholders, Energis Chairman Gordon Owen will say:

During 1997/98 Energis took a number of steps to deepen and exploit its position in the UK business telecommunications market. The National Grid contract worth œ100 million over 10 years to provide the Grid with a Teleprotection network will enable Energis to extend its UK national network by a further 1,450 km. As a result, the core Energis backbone network will exceed 6000km taking Energis into new areas for example, Swindon, Guildford, Stoke and Middlesbrough. This work will be completed in the next 12 months.

We also extended significantly our international capabilities during 1997/98. We were awarded our international licence in December 1996. Since that date we have extended our national network to submarine landing stations at Lands End, Winterton and Redcar. We have established correspondent relationships with major overseas telecoms operators to deliver our traffic abroad. These relationships now include Sprint, MCI, Deutsche Telekom, France Telecom, Telecom Eireann, KPN in the Netherlands and Belgacom.

Today, I can announce three new correspondent relationships, Telenor, Telecom Italia and TeleDanmark. In April this year, we took our access strategy a big step forward by forging a joint venture agreement with Deutsche Telekom and France Telecom to establish MetroHoldings Limited which will invest around œ100 million over the next 5 years in an accelerated network expansion in key metropolitan areas throughout the UK. We have completed the metropolitan network ring to Docklands, the internet centre of Britain, and to Broadgate in the heart of the City of London. In the process, we have also strengthened our commercial relationships with continental Europe's two largest telecommunications operators.

We see commercial partnerships as another way Energis can strengthen its competitive advantage. During 1997/98 Energis continued to develop its relationship with key suppliers. Building on our "Partners in Telephony" agreement with Nortel we have strengthened our relationship with Newbridge Networks our principal data equipment supplier to form "Partners in Data". Like the Nortel agreement, this agreement will ensure Energis is at the leading edge of technological and service innovation, whilst minimising our own research and development spend. It strengthens our access to Newbridge's leading edge research and development, gives us improved commercial terms and just-in-time delivery of the data switches and related equipment we need and, in return, gives Newbridge longer-term contract commitments.

I am pleased to say that trading in the first quarter of the current financial year 1998/99 is in line with our expectations and is now running at an annual rate well in excess of œ200 million. This can be demonstrated through the new business wins we have acquired in the last 3 months. For example, Sun Life Assurance Company of Canada signed a three year agreement, worth an estimated œ2.25 million, for an advanced data service. The agreement represents a major success for Energis in extending its existing business with the customer, which already takes our voice services.

Today, I can announce another new business win, Northern Rock, a specialist mortgage lender with assets over œ17 billion. Northern Rock has signed a three year data contract to provide connectivity between their 135 sites, including their Head Office and main administration centre.

During the next few years we intend to continue building a great company, a company founded on loyalty to our people, loyalty to our customers and loyalty to our investors. For further information: Annie Jupp, Head of Investor Relations 0171 206 5700 END
>>>>

Impressive marketing campaign, too:

<<<
18/06/98
Substantial New Press Campaign Launches Marketing Shift At Energis

Energis, the business telecommunications company, is launching a new multi-million pound advertising campaign in national newspapers and trade magazines, starting on 22 June.

The advertising campaign, which focuses on customers who have gained real business advantage from their telecoms networks, spearheads a change in marketing activities at Energis, from exhibitions to the website, away from the traditional technology-focused advertising often targeted at the business community.

Internal and external research has confirmed that business customers make decisions about their telecommunications supplier based upon more than technical superiority or service price. Issues of service quality, reliability and resilience are all factors in a decision to move suppliers.

With the research in mind, the new advertising will showcase Energis' customers, from small businesses to large corporations to emphasise the extent of its experience. These customer examples demonstrate Energis' customer focus and how the companies' performance levels have been enhanced by the Energis service.

"The aim is not just to attract new business. By demonstrating Energis' ability to work with companies, the campaign is designed to generate further business from existing customers," says Gregory Thorpe, head of marketing communications at Energis.

The advertising campaign opens with direct mail teasers using a catchword from an advertisement, relating directly to a customer's business, and a visual representation or `signature' of that word which will be used throughout the campaign. The teaser is then explained in advertisements with the imagery of the teaser being repeated along with a mini case study of the customer.

The first four customers to be showcased are Boots the Chemists, The BBC, The Mirror Group and Sun Life Assurance Company of Canada. These will be changed regularly so that by March next year as many as twenty will be featured.

The advertising will run in national dailies, including both the Times and Financial Times, Sunday papers including The Mail on Sunday and The Sunday Times, plus a number of telecoms and IT trade press. The campaign will also make use of inserts in trade titles, focused on particular sub-sets of those titles' readership.
>>>>



To: Doug who wrote (5909)8/10/1998 12:17:00 AM
From: pat mudge  Respond to of 18016
 
Not directly related to NN, but certainly critical to world economics:

<<<
MONDAY AUGUST 10 1998ÿÿAsia-Pacificÿ
Tokyo may be forced into wider banking reform
By Gillian Tett in Tokyo and James Harding in Beijing

<Picture: Japan>Japan's prime minister yesterday said the government could make its plans for banking sector reform more radical to win broad-based political support for key financial sector bills.

"We need to pass [our banking bills] as early as possible by striking a compromise with the opposition parties, no matter what the cost," Keizo Obuchi said. "We must enter into talks with opposition forces that may have negotiable plans."

The Japanese opposition have warned they may seek to block the bill in the Upper House of parliament because they believe the ruling Liberal Democratic party's plans are too timid. They want to introduce more transparency and speed in tackling problems, as well as to consider nationalising banks.

Although the LDP has so far rejected these calls, the Upper House elections last month have given the opposition more strength in parliament and may force the LDP to change some proposals.

This would potentially bring a new dimension into Japan's efforts to tackle the banking sector, which has problem loans worth 87,000bn ($603bn). The LDP is planning to submit to parliament two banking bills this week, including legislation to create a "bridge bank" that would make it easier for Japan to cope with any possible bank collapses.

The fate of this bill is being closely watched by the markets because it is central to efforts to tackle banking sector problems.

The yen fell to a two-month low of 146.25 against the dollar on Friday, almost touching the 146.75 level it reached in June before the US unexpectedly stepped in with a round of intervention. The fall reflected market disappointment that Mr Obuchi did not pledge more radical banking reform in his first speech to parliament on Friday.

The LDP argues that any delay in passing the bill could deal a blow to market confidence this week and further undermine the yen. This in turn could fuel fears about a wave of competitive devaluations across Asia.

However Jiang Zemin, China's president, yesterday reiterated Beijing's pledge not to devalue the Chinese currency, telling the visiting Japanese foreign minister that China would continue its efforts to keep the renminbi stable despite a slowing economy.

Although a period of political wrangling in Tokyo about the "bridge bank" bill could add to market unease, some of Japan's trading partners, such as the US, also hope the opposition's moves will force the LDP to improve its banking legislation.
>>>>

Opposition party demands:
<<<<
SATURDAY AUGUST 8 1998ÿÿAsia-Pacificÿ
JAPAN: Main opposition party draws up banking policy demands
By Gillian Tett

The Democratic Party of Japan, the main opposition group, came out on Friday with an unusually clear package of concrete object-ions to the government bill to set up a "bridge bank".

"We want more transparency and responsibility, and fast action," said Motohisa Ikeda, head of the DPJ's banking council.

These policies include calls for:

an end to the LDP's scheme to use a 30,000bn ($207bn) financial support package to both healthy banks and weak banks;

use of public money to buy shares of insolvent banks (and thus nationalise them) if their collapse would cause immense economic damage in a specific region;

a commitment to close down insolvent banks where there is no big regional impact;

a commitment to transparent inspections of the banks and release the details afterwards;

a move to force the management of banks which are absorbed by the "bridge bank" to resign;

the creation of a new committee to oversee the work of the Ministry of Finance and Financial Supervisory Agency.

The DPJ is forming an alliance with the other two opposition parties over the issue which could block the LDP's bill in the Upper House of parliament.