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

To: pat mudge who wrote (6056)	8/21/1998 12:21:00 PM
From: djane	Read Replies (1) \| Respond to of 18016

8/21/98 Silverstein/Johnson (BARS) very bullish 3-page report on NN. Reit buy. I read this pdf file (can't copy) via Professional Edge/ETrade. Entitled "Moving Forward. More Signposts on the Road." FY98 .67, FY99 .86, and FY00 1.32. 8/25/98 quarter .15 on $295M revenues. Key points: -$400M revenues for 2 LMCS contracts over next 4 years -1st major LMCS/LMDS contract. NN in favorable position to win its fair share of this market. Represents "significant incremental revenues for ATM multiservice vendors over next 12-18 months -LMCS/LMDS awards testify to the value of NN affiliates program -Believe awards are 1st of a "number of substantial service provider awards" in the next 30-90 days after the 8/25/98 earnings report -Believes NN will "at least" match .14 EPS estimate and will have "positive business outlook on the call." -Lengthy paragraph says Canadian dollar has "virtually no impact" on NN's net income and EPS. 7-8% of total revenues from Canada. -* Sees NN in similar situation to ASND in 11/97 and will have the same success as ASND in the last 12 months. [Note: ASND went from $25 to $50]. -Sees NN as a potential acquisition candidate in 9-18 months after successful turnaround. -Very positive about Lutz