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

To: MD Bryant who wrote (8804)	1/5/1999 1:10:00 AM
From: pat mudge	Respond to of 18016

New year, new edition, new name. Welcome to the NEW Newbridge News! Newbridge Networks has grown dramatically since the first issue of MainStreet International News hit the desks of our stakeholders in 1987 and drew their attention to the MainStreet family of bandwidth managers. Today, our range of telecommunications solutions is unrivalled in the industry and our customers are drawn from an ever-widening circle of the world's most visionary service providers and enterprises. To reflect our success, as well as our commitment to provide you with current and useful information, MainStreet News has been transformed. Newbridge News will be published quarterly and, beginning with this issue, will deliver more in-depth technology articles, networking primers for business planners, partner and market profiles, and, of course, customer success stories than ever before. I hope you enjoy it! MainStreet News reflected the MainStreetXpress partnership of Siemens and NN. Now it's Newbridge in long pants, standing on its own. Pat

To: MD Bryant who wrote (8804)	1/5/1999 1:42:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

It'll take several days to read all the articles. The one on Germany is quite interesting. One quote: With the size of the market in Germany, are there service providers from outside Germany who are prepared to move in here? Does that make it even more competitive? I think it accelerates the competition. We should not forget that Deutsche Telekom has been under a long-standing monopoly. Most of the local alternate carriers are backed by power companies that are still monopolies. So competing against them are some very aggressive international players like, for example, Colt whose first focus has been to connect European finance centers. By the end of this year they will have to build their first backbone network in Germany -- which will be based on Newbridge equipment. They are moving much more quickly and. I think that is accelerating competition quite dramatically at the moment. Colt Communications caught my eye based on a recent mention in the WSJ: December 24, 1998 <Picture> Dow Jones Newswires U.K. Telecom Cos Top FTSE 100 1998 Performers List Dow Jones Newswires LONDON -- Telecommunications companies are so far the best performing U.K. blue-chip stocks in 1998 with industrial groups at the tail end of the list, according to a survey released Wednesday by Datastream/ICV. Colt Telecom Group PLC (COLTY) topped the FTSE-100 list after its share price rose 498% to 920 pence from 153.75 pence over the year. The company said in October that it had tripled third-quarter profits to GBP61 million. Orange PLC (ORNGY), Telewest Communications PLC (TWSTY), Vodafone Group PLC (VOD) and British Telecommunications PLC (BTY) made up the rest of the top five. Tobacco companies also figured highly, with British American Tobacco PLC (BTI) and Imperial Tobacco Group PLC (ITY) taking eighth and eleventh places. Shares in BAT rose 5% after the U.S. tobacco industry signed a compensation agreement last month that ended a number of lawsuits brought by a group of U.S. states over public-health costs. Investors welcomed the news that tobacco companies would finance the $206 billion settlement by raising tobacco prices. However, Imperial Chemical Industries PLC (ICI) trailed the field, with BTR PLC (U.BTR) in tow. Industrial stocks have fallen prey to a strong pound, Asian economic woes and a decline in U.K. manufacturing. ICI shares are down 44% on the start of the year, while BTR is off 36%. British Airways PLC (BAB) and Marks & Spencer PLC (U.MAR) were also among the bottom five, at 96th and 97th respectively. The FTSE 100 index was itself up 13% on the year. "In the FTSE 100 index, of particular note is the decline against the market of companies regarded as bellwethers of the U.K. economy," Steve Kelly, corporate communications manager at Datastream/ICV, said. "ICI, Marks & Spencer and British Airways are all significant under-performers this year." Telecoms is so far the best performing sector, up 96%, with tobacco and gas distribution bringing up second and third places. At the bottom end of the 49-sector list is oil exploration & production. These stocks have been hit by falling oil prices.