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

To: pat mudge who wrote (7722)	11/25/1998 1:50:00 AM
From: tech101	Read Replies (2) \| Respond to of 18016

Almost complete re-cap of the cc. Thanks Pat. To make the story shorter: The strong side:  Cable & Wireless win of several hundred million dollars (NN sounds like a primary contractor for the project from the CC).  China Post win will be released prior to market opening tomorrow.  The Global One project to be announced early December.  Lower receivable.  Lower inventory  Double-digit growth in ATM and strong TDM, and data networking is in vague.  Book to bill is greater than 1.  Strong partnership with Siemens.  $700 m of cash in hand to buy new technologies. On the weaker side:  TDM still has a big portion of revenue and growth (but the C&W, China Post, and Global one may change that in future quarters).  Earning increase partly came from cost cutting rather than higher revenue. (But the street understood "this is a particularly difficult quarter" for NN -- by ML.)  Research spending will be flat (but many new products are in the pipeline and with so much cash in hand, more could be coming: SS7, DOCSIS...?). Surely a turnaround story. No magic but uncertainty is certainly relieved. Kindest regards