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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (392)	2/12/1999 2:40:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 792

WestEnd, if this is the company in question, was an NN affiliate and while I doubt there's been any revenue stream --- obviously not --- there'll no doubt be a tax write-off for the investment itself. In the scheme of things, a drop in the bucket. Sort of like in the market --- win some,lose some --- with the overall goal to win more than you lose. NN's ATM business is booming and if you look at the huge fiber optics systems being installed around the globe, it doesn't take much imagination to figure out where the market's headed. Yes, there are pot-holes along the way, but to focus on the temporary inconvenience is to miss the larger goal of the journey. Of course, being rational in an irrational market is one of my fatal flaws. Pat

To: WTSherman who wrote (392)	2/13/1999 12:24:00 AM
From: Hassan Lakhani	Respond to of 792

It appears that it is Westend, another Newbridge affiliate, which is the customer: Message 7803811 Earlier Friday, another Newbridge affiliate, CrossKeys Systems Corp. (CKEYF), said it will take a pretax charge of C$1 million, or 4 Canadian cents a diluted share, in its third quarter because a customer, which turns out to be West End, went bankrupt. CrossKeys Systems Corp. (CKEYF) chief financial officer Steve Spooner said the third-quarter charge is a one-time event. CrossKeys helped West End Systems Corp. develop what is called element-management software, used in network management, in hopes of receiving royalty payments in the future. Spooner said the royalty payments weren't significant and weren't figured into the company's financial projections, so analysts shouldn't be cutting their estimates beyond those for the third quarter. Spooner said the charges are related to receivables and unbilled work in progress. Hassan