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To: Gary Korn who wrote (8498)	12/12/1998 5:31:00 PM
From: Chris Stovin	Respond to of 18016

Global One Web-site... Global One and Jitong Communications Sign Agreement to Upgrade Economic Information Network in China BEIJING, December 11, 1998 -- Global One, the international joint venture of Deutsche Telekom, France Telecom, and Sprint, today announced plans to upgrade Internet technology for Jitong Communications, China's premier online economic information network. This expansion will help Jitong stay ahead of China's fast-growing demand for Internet services. This upgrade significantly increases Jitong Communications capacity as an Internet Service Provider (ISP) for the Golden Bridge Project - China's national economic information communications network. Since the Golden Bridge Project's creation 3 years ago, Jitong's national network, ChinaGBN, has become a leading ISP with state-of-the-art communications capacities covering over 30 provinces and cities in China. "We are proud to have been selected by Jitong Communications for this major IP expansion project," said T.S. Chew, Global One China General Manager. "This upgrade will significantly increase Internet bandwidth available for the Golden Bridge Project and prepare the network to handle a much higher volume of Internet traffic, thus providing better access to customers." Jitong Communications and Global One will expand services in China through the Global IP solution which delivers dedicated Internet connectivity at speeds from 64Kbps. Global One is the recognized leader in providing worldwide Internet access, with Global IP availability in over 80 countries via local nodes or International Private Lines. The Jitong Communications Internet expansion project complements a series of Global One developments in China in recent years. Since the company was launched in 1996, Global One has assumed a leadership role in providing high-speed data and Internet communications systems to various Chinese ministries, provincial post and telecommunications administrations, including the Beijing and Shanghai City administrations. With the signing of a 1997 Network-to-Network Interface (NNI) agreement with China Telecom, the national telecommunications administration of China, Global One has provided state-of-the-art Frame Relay service between China and the United States. Global One currently maintains representative offices in Beijing, Shanghai, Guangzhou and has a sales office in Hong Kong (SAR) to provide extensive local and regional support to the growing number of programs in China. Global One, the worldwide joint venture of Deutsche Telekom, France Telecom, and Sprint, offers a single source for the solution of voice and data needs of businesses, carriers, and consumers around the world. Global One has over 1,400 points of presence in more than 65 countries and had 1997 revenues of over $US1.1 billion. --------------------------------------------------------------------------------

To: Gary Korn who wrote (8498)	12/12/1998 5:41:00 PM
From: Chris Stovin	Respond to of 18016

December 12, 1998 TUNDRA PLANS TO GO PUBLIC By KEVIN BELL -- Ottawa Sun Newbridge affiliate Tundra Semiconductor Corp. said yesterday it will take advantage of a recovering chip market to forge ahead with an initial public offering early next year. The decision to go public comes just two months after Tundra president Adam Chowaniec said the company would delay its IPO until the market is more hospitable to semiconductor firms. But company officials now say the timing is good. "We believe the markets will improve significantly by 1999," said Tundra chief financial officer Normand Paquette. The semiconductor sector is showing signs of a significant rebound, Paquette said. The IPO's underwriters also suggest the timing to raise money on the public markets may be right by early next year, he said. The company says the IPO will be completed by next March. Tundra expects to raise "well over $30 million" to be used for research and development in connection with the firm's current and future products, Paquette said. The company and its underwriters are still trying to work out exactly how much the company will try to raise in its offering of public shares, he said. The money will also be used to help Tundra secure its supply of wafer fabrication capabilities and for general corporate purposes. Duncan Stewart, who manages the Navigator Technology Fund, said Tundra's change of heart isn't surprising. "Two months ago, the markets sucked. Now they don't," he said. "Now is a relatively good time for Tundra to go public. If I were advising them, I'd be telling them the same thing." Share prices of U.S. chip and semiconductor firms have risen by 30% to 40% in the last few months, he said. Brian Antonen, an analyst with Research Capital in Toronto, said while Tundra's timing looks good right now, there's some doubt whether the semiconductor market's rebound is sustainable. "The fact they are doing it is a good sign," he said. "The question I ask is whether this is long-term stuff." Investors are being buoyed by giant chip maker Intel Corp.'s recent announcement that it will have a good quarter. But Antonen said Intel always does well around Christmas when personal computer sales skyrocket. Tundra will be the second Newbridge affiliate to go public in just over a year. Earlier this year, CrossKeys Systems Corp. launched an IPO, but investors have not treated the company kindly in a shaky market. CrossKeys shares were issued at $14.95 and initially rose to $22.50 before sinking to a low of $6.80. They have since recovered to $10.40. Tundra filed a preliminary prospectus for its IPO yesterday with the securities commissions of each of the provinces. The Kanata-based company, which designs and develops semiconductors for data communications, has experienced strong growth since it was founded in 1995. Paquette said the funds from the IPO will help the company maintain its growth track. "The business is growing quite nicely," he said. "I think we're motoring ahead with our plan and our strategy. I don't think there will be any other changes in the future." Newbridge Networks Corp. owns 30% of the Tundra. The remaining 70% is owned by institutional investors, employees and friends.

To: Gary Korn who wrote (8498)	12/12/1998 9:47:00 PM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 18016

Hummm..... techstocks.com LU is only 20x NN and ASND. NT is only 10X NN and ASND. Seems that NT has the lowest market value in Price to sale ratio, with NN second lowest. But NN has had the best price appreciation in the last 100 days. The interesting thing I see is the pattern for both NN and ASND seem tied together for the last week. That was what I was trying to point out on Friday when I was mentioning how closely down they were during the day. Just some useless thoughts, Dennis