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

To: pat mudge who wrote (10691)	4/6/1999 9:30:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 18016

Princeton, New Jersey, April 6 -- Newbridge Networks Corp. (NN US) was reiterated ''strong buy'' by analyst James C. Kedersha at SG Cowen. Time Stamp that I saw on the Newsrelease was 11:48.

To: pat mudge who wrote (10691)	4/6/1999 9:57:00 PM
From: NYBellBoy	Read Replies (2) \| Respond to of 18016

Pat - I was complimenting you on your post. When I read the news, it was good and factual, but there were no contract announcements and it was hard to quantify the potential revenue. Many people were expecting more and bailed in the AM. I am sticking with my investment. It is still David vs. Goliath until we see some big contracts. I do appreciate how much effort you put into your posts. I know nothing about literature and never heard of EE Milne. :) BellBoy

To: pat mudge who wrote (10691)	4/7/1999 8:33:00 AM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

LONDON (CNNfn) - British Telecommunications agreed to buy a 20 percent stake in Hong Kong cellular operator SmarTone for HK$3.02 billion ($390 million) Wednesday. The deal teams BT with alliance partner AT&T (T), which already has a 16.5 percent stake in the acquisitive wireless group. BT will buy new shares in SmarTone at HK$25 a share, an 11 percent premium over the company's April 1 closing price. The deal will dilute the stake held by Sun Hung Kai Properties, from 32.9 percent to 26.3 percent, though it remains the largest shareholder, followed by British Telecom. SmarTone has a 25 percent market share of the crowded Hong Kong cellular market, in which eight operators and 11 networks jostle for subscribers. SmarTone has made extensive acquisitions in Hong Kong and has teamed up with equipment supplier Ericsson to develop a range of value-added services, including share trading. The SmarTone deal is expected to be completed on or around May 7 and is the first involving BT and AT&T since their wide-ranging alliance agreement received regulatory approval last month. -- from staff and wire reports home \| asia \| world business \| contents \| search \| stock quotes \| help Copyright © 1999 CNN America, Inc. ALL RIGHTS RESERVED.