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

To: mrclinton who wrote (5966)	8/13/1998 6:49:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

mrclinton --- I'm certain you can take full credit for your prize-winning roses. That BT is buying MCI's portion of Concert is a plus for NN as it gives them a better chance for contracts that under the merged MCI/WCOM might be more likely to go to others. Add AT&T into the equation and NN stands an even better chance based on its recent win with T. News you may have missed: Siemens/NN and BT: w2.siemens.de BT has selected GPT, and the Siemens / Newbridge Alliance as the supplier for its CellStream Multi-service Network. The contract awarded to GPT includes MainStreetXpress switches, customer access equipment and network and service management from the Siemens / Newbridge alliance. This network will enable BT to seamlessly deliver a comprehensive range of services to its customers. w1.siemens.de "The new constellation will allow Siemens to further strengthen the company's presence in the very attractive British telecommunications market", said Koch. "The formation of the new companies Siemens Telecom Networks and Siemens Newbridge Networks will enable Siemens to expand its business with public network operators in the UK." Siemens and BT w2.siemens.de ft.com [Run search under "Siemens."] The manufacturers supplying the key network components - Marconi Communications of the UK, Newbridge Networks of Canada and Cisco Systems - will share more than œ1bn ($1.65bn) of capital expenditure. Marconi Communications is expected to announce that it has been awarded contracts worth more than œ500m for the basic network technology. The UK company, formerly GPT before Siemens of Germany sold its minority stake to GEC in June, is a world leader in Synchronous Digital Hierarchy (SDH), a high capacity transmission technology which is "self healing" if faults occur. Some 2500 SDH systems are expected to be installed by the end of 2000. NN and BT mainstreetxpress.com mainstreetxpress.com NN and AT&T newbridge.com newbridge.com

To: mrclinton who wrote (5966)	8/15/1998 2:26:00 PM
From: pat mudge	Read Replies (3) \| Respond to of 18016

Mrclinton: A little support for my response the other day: <<< Newbridge Rises on Optimism Over MCI Venture Exit Ottawa, Aug. 13 (Bloomberg) -- Newbridge Networks Corp. stock rose 9.8 percent amid optimism that the company will benefit from MCI Communications Corp.'s withdrawal from a venture that analysts feared was leaning toward doing more business with a Newbridge rival. MCI, which has agreed to be bought by Worldcom Inc., yesterday said it will sell its stake in the Concert Communications Services joint venture back to partner British Telecommunications Plc. Some analysts feared that Worldcom's connection with Concert might hurt Newbridge because competitor Ascend Communications Inc. is a bigger Worldcom supplier. Newbridge rose C$3.05 (US$2) to C$34.30 in Toronto on 2.16 million shares traded, more than triple the three-month daily average of 604,000 shares. ''BT is a big customer of Newbridge and that gives investors a better feeling about the prospects of Newbridge supplying that network,'' said Patrick Houghton, an analyst at Richmond, Virginia-based Wheat First Union. ''They have stronger relationship with BT than they have with WorldCom and I think it takes away some risk from Newbridge.'' Newbridge, with revenue of C$1.62 billion, makes high-speed data networking gear that phone companies use to send voice, data and Internet traffic. Concert, which provides data-networking services for companies, serves more than 3,800 customers in 50 countries. Takeover speculation also fueled the jump. Last month, Newbridge President Alan Lutz told the Ottawa Citizen that takeover speculation surrounding the company were unfounded. The name that has cropped up the most often among analysts has been Germany's Siemens AG, a telecommunications-equipment manufacturer, which has a distribution alliance with Newbridge and is the company's largest customer, representing 15 percent of its revenue. Siemens and Newbridge officials declined to comment. Houghton, who has a 12-month price target of US$40 on Newbridge, said the stock is inexpensive at current prices because of the company's long-term growth potential and the restructuring. ''At these prices, it's takeout bait,'' he said. Newbridge rose 1 11/16 to 22 7/16 in New York. The stock touched a three-month low of C$29.15 Tuesday when the benchmark Toronto Stock Exchange 300 Composite Index shed 210.78 points, or 3.2 percent. The shares have dropped 64 percent below from their 52-week high of C$95 reached on Oct. 8. Lutz, named president and chief operating officer on June 2, last month introduced a top-to-bottom reorganization aimed at cutting costs and boosting profitability. >>>>