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

To: zbyslaw owczarczyk who wrote (9873)	2/26/1999 2:52:00 PM
From: Serge Collins	Read Replies (1) \| Respond to of 18016

Zbyslaw: Yesterday you referred to Paul Weinstein as an analyst you consider respectable. Well, today he started coverage of Newbridge with a Hold recommendation which is basically a Sell. How do you like Mr. Weinstein now?

To: zbyslaw owczarczyk who wrote (9873)	3/3/1999 11:46:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

March 3, 1999 Tech Center AT&T and British Telecom May Name PointCast CEO to Head Joint Venture By JOANN S. LUBLIN and REBECCA BLUMENSTEIN Staff Reporters of THE WALL STREET JOURNAL NEW YORK -- AT&T Corp. and British Telecommunications PLC are close to naming a chief executive officer of the $10 billion joint venture the two phone giants formed eight months ago to link their global ambitions. People close to the situation say that David Dorman, chief executive officer of PointCast, based in Sunnyvale, Calif., has tentatively accepted the position. Company Profile: AT&T An announcement regarding the long-awaited search could occur during the next several days, these people say. But because three companies are involved, the situation could also change. PointCast is a Silicon Valley pioneer of so-called "push" technology that aims to broadcast news and other information to computer users. But some have questioned the effectiveness of the technology, and it has lost some of its luster. Recently, PointCast has been trying to find a buyer, according to people familiar with the company. Mr. Dorman also ran Pacific Telesis Group, which was acquired by SBC Communications Inc. in 1997. Mr. Dorman didn't return a telephone call for comment. AT&T and BT declined to comment. The BT-ATT joint venture is critical to both companies. The yet-to-be-named concern will be the vehicle that both use as they try to capitalize on the opening of new markets around the world. The partnership will combine the international assets and operations of each company. It will be based in the Eastern U.S. and employ about 5,000 people world-wide. Though analysts have praised the unusual alliance, some question whether the two phone giants will be able to move quickly enough to capture growth promised in many nascent markets. Both companies will be equally represented on the venture's board of directors. BT Chairman Sir Iain Vallance will serve as the venture's first chairman. AT&T President John D. Zeglis is expected to play an instrumental role in shaping the joint venture, which still has yet to receive final regulatory approval. Mr. Zeglis recently assumed international responsibilities at AT&T. BT formed the joint venture with AT&T after it failed to acquire MCI Communications Corp., which was bought by WorldCom Inc. That combined company became MCI WorldCom. AT&T and BT are expected to give Mr. Dorman a pay package that includes more than $1 million in salary and about $500,000 in stock options roughly split between the two companies. Last summer, the once-highflying PointCast shelved its plans for an initial public offering in order to pursue "strategic partnership" discussions with other companies. When PointCast abandoned its IPO plans, Mr. Dorman became more willing to consider other job opportunities, individuals close to the situation say. PointCast's recent merger talks have involved several regional Bell operating companies and other possible suitors, say people close to the situation. But the Bell companies have shown the most interest.