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


To: Doug who wrote (10407)3/19/1999 1:30:00 PM
From: pat mudge  Read Replies (1) | Respond to of 18016
 
March 19, 1999

Newbridge Gets Supply Pact For Cable & Wireless Network
Dow Jones Newswires

MAIDENHEAD, U.K. -- Newbridge Networks Corp. (NN) said it has been selected to supply the new high-capacity network equipment for Cable & Wireless PLC's (CWP) global asynchronous transfer mode network.

Under this contract, Newbridge said it is working with Cable & Wireless to deliver the scalable, broadband equipment necessary to deliver global ATM services to Cable & Wireless' worldwide customer base.

In a press release, the value of the contract wasn't disclosed, but Newbridge described the award as a "major contract."

It said the new network equipment is based on the Siemens/Newbridge MainStreetXpress 36170 Multiservices Switch and MainStreetXpress 46020 Network Manager.

Cable & Wireless provides international telecommunications services.

Newbridge Networks, Kanata, Ont., designs and makes networking products.


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To: Doug who wrote (10407)3/19/1999 3:04:00 PM
From: Scripts  Read Replies (1) | Respond to of 18016
 
I guess the proposed spending didn't raise the hopes of the current owners. The article in the G&M made it sound like they were playing catch-up.