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

To: gbh who wrote (8383)	12/9/1998 8:08:00 AM
From: Chris Stovin	Respond to of 18016

Wednesday, December 9, 1998 Newbridge heads south By SUSAN TAYLOR, Ottawa Sun Newbridge Networks won a deal yesterday to supply equipment for South America's first high-speed ATM network and another to expand Columbian networks. The value of the deals weren't disclosed, but the markets did not respond favourably. The stock fell 60cents on the TSE to close at $46 and 25cents on the NYSE to end at $29.88. "They're in the realm of 'nice to have' ones, but don't change anyone's opinion of them (Newbridge)," said Mark Lucey, an analyst and managing director at Kearns Capital Ltd. The deal with Impsat in Columbia is for time division multiplexer equipment, an older line of Newbridge gear. Impsat plans to invest $3 billion in the next five years in its Latin American operations. Newbridge's sale to the Cooperative de Telecommunicaciones de Santa Cruz, a Bolivian telecommunications firm, is for newer asynchronous mode transfer technology. The network will supply customers -- including financial and health care institutions, other telcos, and retail and utility firms -- access to voice and data services they can deliver to more than 1 million Santa Cruz residents.

To: gbh who wrote (8383)	12/9/1998 8:08:00 AM
From: KEN G	Respond to of 18016

gbh: The news you wanted on Cambrian KG biz.yahoo.com

To: gbh who wrote (8383)	12/9/1998 8:09:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

Newbridge Networks Sells Ownership Stake in Cambrian Systems Corporation Newbridge Maintains Full Access to Cambrian DWDM Technology and Realizes Significant Value to Newbridge Shareholders KANATA, Ontario, December 9, 1998 – Newbridge Networks (NYSE: NN; TSE: NNC) today announced it has agreed to sell its approximately 40 percent ownership position in Cambrian Systems Corporation to Nortel Networks. The transaction values Cambrian at up to US$300 million. The existing OEM agreement between Newbridge and Cambrian will continue under Nortel's ownership of Cambrian to ensure Newbridge has access to Cambrian's dense wave division multiplexing (DWDM) products. "Our relationship with Cambrian over the past couple of years has enabled us to take the lead in integrating DWDM technology into our multi-services ATM platform," said Alan Lutz, President and Chief Operating Officer, Newbridge Networks. "Our agreement with Nortel Networks ensures that our customers' requirements for an integrated DWDM-ATM solution will continue to be met and at the same time allows Newbridge to consider the DWDM technologies of other vendors for Newbridge® distributed ATM solutions." Newbridge was the first vendor to demonstrate an integrated DWDM-ATM solution designed specifically for metropolitan area networks (MANs) when it unveiled the product in October at Networld+Interop in Atlanta, Georgia. The scalable, cost-effective solution combines DWDM-based transport with an ATM core infrastructure to deliver broadband services from a seamless, fully managed platform. Deployed on the industry-leading Siemens / Newbridge MainStreetXpress™ 36170 MultiServices Switch, the ATM/DWDM integrated switching and transport platform enables service providers to maximize usage of their existing optical fiber cable infrastructure. By integrating switching and transport into a seamless system, service providers can simplify their overall network architecture, enhance their network and service management capabilities, and reduce their capital and operational costs. The sale of Cambrian also demonstrates the growing dynamism and momentum of the Newbridge Affiliate program and its focus on bringing advanced technologies to market quickly and cost effectively while maximizing value to Newbridge and its shareholders. In September, Newbridge announced the sale of Advanced Computer Communications (ACC) to Ericsson for US$285 million, a transaction that enables Newbridge to maintain its existing business relationships with ACC, including joint research and development programs and manufacturing and reseller arrangements for the entire ACC product line. "The Newbridge Affiliate program enables the Newbridge family of companies to develop a comprehensive array of complementary products and technologies that provide total networking solutions to our customers," said Mr. Lutz. "The program and our commitment to it will continue to expand. The proceeds from this transaction bring the ability for even greater flexibility to the program." Newbridge Networks designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. The Company leverages its relationship with a growing family of Affiliate companies and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 300 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com. - end - Newbridge and logo are registered trademarks of Newbridge Networks Corporation. MainStreetXpress is a trademark used by the Siemens / Newbridge alliance for comprehensive solutions in broadband communication. No agency relationship, partnership, or joint ownership of a legal entity is to be inferred or implied by the term alliance.