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

To: S. Peterkin who wrote (11107)	5/4/1999 5:22:00 PM
From: Doug	Read Replies (1) \| Respond to of 18016

S.P: Here is a clip from the last Q which might help you understand the next pitch more clearly. "'This was a good news - and not so good news - quarter,'' said Alan Lutz, President and Chief Operating Officer, Newbridge Networks. ''While we are disappointed in not meeting analysts' consensus expectations, in examining the quarter, it is important to note that the Company's future growth engine - ATM and IP products - delivered strong performances. ATM equipment orders increased by more than 45 percent compared with the preceding quarter, while ATM revenue grew by more than 35 percent sequentially. The ATM and IP market offers huge growth and we are focused intently on this market with our broad customer base of over 300 service providers throughout the world." ''Earlier today we announced the appointment of Satjiv Chahil to the position of Executive Vice President, Global Marketing, a key new position on the Newbridge leadership team. I am confident this new team - which includes six new executive vice presidents - is now solidly positioned to lead the Company forward,'' continued Mr. Lutz. ''Equally important, the Newbridge product portfolio is significantly enhanced and expanded, with major new product solutions in ATM and IP being introduced this year. Our customers throughout the world are responding enthusiastically to the Company's product direction. We will be providing further details in the coming weeks on a broad slate of new multiservice ATM and IP products. ''In conclusion, we now have the people, the products, the focus and the will to drive for success.''