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

To: Dennis R. Duke who wrote (9187)	1/28/1999 1:44:00 PM
From: Chris Stovin	Read Replies (1) \| Respond to of 18016

Good point Dennis (re: Crosskeys). The Tundra IPO is oversubscribed (I asked) so, on a lark, I thought I would try another route. I purchased a Labor sponsored Venture Capital fund (LSVC) (Vengrowth). The Vengrowth fund was involved with Cambrian. They had a $2 million investment which turned into $20 million when Nortel bought it. Vengrowth is into Tundra. In Canada, you can contribute a maximum of $5,000 into a LSVC fund and receive a Federal tax credit as well as a Provincial tax credit totaling approximately 30% depending on which Province you are in. You have to hold your investment in there for 8 years though. I did this for tax purposes as well as for a lark. But I wanted my money in there before Tundra goes public in case it does pop up. Cheers! Chris