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

To: zbyslaw owczarczyk who wrote (6009)	8/18/1998 11:09:00 AM
From: Doug	Respond to of 18016

Z.O: You could reformat that observation into another Index applicable to stocks trading on 2 different markets.!

To: zbyslaw owczarczyk who wrote (6009)	8/18/1998 10:16:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

Another FT article, this time from Telecom New Zealand: <<< WEDNESDAY AUGUST 19 1998ÿÿAsia-Pacificÿ TELECOM NEW ZEALAND:Profits rise defies competition By Terry Hall, Wellington Telecom New Zealand yesterday reported a 1.1 per cent increase in earnings to NZ$190.1m (US$95.6m) in its first quarter to June 30, a result that Roderick Deane, chief executive, said was creditable in a period of negative economic growth and intensifying competition. Telecom has 26 competitors in the deregulated market, although it remains the biggest with an estimated 82 per cent of the cellular market, 78 per cent of domestic telephone traffic and 65 per cent of international calls. Operating revenue rose 3.2 per cent to NZ$826m and operating expenses by 2.2 per cent to NZ$501m. Earnings per share rose 5.8 per cent to 10.9 cents as a result of the recent share buy-back. Mr Deane said Telecom had been forced to reduce its prices because of the competition. However its business was growing strongly, especially value-added and mobile services. Sales in its internet business were booming. Mr Deane said Telecom's strategy was to develop new internet services to help foster business. The company's future lay in internet-related systems, which would increasingly become a more important part of Telecom's earnings as the company reduced its reliance on commodity-style older telephone services. >>>