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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Bindusagar Reddy who wrote (57496)	11/25/1998 11:12:00 AM
From: The Phoenix	Read Replies (2) \| Respond to of 61433

Bind....my guess is that this network is too big for one provider to furnish. If I were a country as large as China with as much potential as China has I'd aware multiple contracts to multiple companies then see which of them performed in the pilot phase. After that I'd award the big deal to the company that delivers.... Maybe that's what's going on here.... Who knows.. OG

To: Bindusagar Reddy who wrote (57496)	11/25/1998 11:31:00 AM
From: H.A.M.	Read Replies (1) \| Respond to of 61433

Bindusagar, This is confusing indeed. According to the following Bloomberg report, many people are confused. It says "Newbridge and its main competitor, Ascend Communications Inc., each put out similar press releases saying they won a contract to supply equipment to China Post. Winchester said confusion over which company had won what had nothing to do with the trading halt." Regards, Hisham ______________________________________________________________ Newbridge Shares Halted by TSE, NYSE After China Post Contract Toronto, Nov. 25 (Bloomberg) -- Newbridge Networks Corp. shares were halted in Toronto and New York to allow news to spread of a new contract the Canadian network-equipment maker won to supply the national postal service of China. From the headline it appeared to be something of a material nature,'' said Neil Winchester, manager of market surveillance at the Toronto Stock Exchange. ''I don't know exactly what the dollar value is, but we didn't want to take any chances and we agreed amongst all markets to give it a bit of time for dissemination.'' Shares of Newbridge rose C$4.35 (US$2.81) to C$43.10 when trading resumed after 45 minutes at 10:30 a.m. Eastern time. Newbridge and its main competitor, Ascend Communications Inc., each put out similar press releases saying they won a contract to supply equipment to China Post. Winchester said confusion over which company had won what had nothing to do with the trading halt. Newbridge is based in Kanata, Ontario, a suburb of Ottawa. 11:15:44 11/25/1998