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

To: pat mudge who wrote (11222)	5/6/1999 1:36:00 PM
From: zbyslaw owczarczyk	Respond to of 18016

Ottawa, May 6 (Bloomberg) -- Canada's Finance Minister Paul Martin is looking at a proposal that would give tax breaks on stock options to employees in the technology sector, in order to keep them in Canada, the Globe and Mail reported. The plan, which was proposed by Newbridge Networks Corp. Chairman Terry Matthews, would benefit employees rather than executives, who can earn significant income from their options. Officials in the Ministry of Finance said they're concerned the plan would be unfair to employees who get stock options outside the high-tech sector, and Martin questions whether there is enough of a ''brain drain'' to warrant the tax exemption, the newspaper said. Ontario Premier Mike Harris presented the province's fiscal 2001 budget Tuesday, with a pledge of a 20 percent cut in personal income taxes, phased in over five years. (G&M: B1, 5/6, www.theglobeandmail.com) NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. ( Terry do not have any options in NN, only 23% stake)

To: pat mudge who wrote (11222)	5/6/1999 1:37:00 PM
From: NYBellBoy	Read Replies (1) \| Respond to of 18016

Pat - A 100,000 share buy @ 28 15/16ths, but it wasn't me. :) BB

To: pat mudge who wrote (11222)	5/7/1999 12:39:00 AM
From: Rhys Roberts	Read Replies (2) \| Respond to of 18016

Pat, Now, if I were boss of the universe, I'd promote Alan to CEO What are you talking about? Promote Lutz to CEO! WHY?!?! I absolutely agree he's a great manager BUT he has screwed up. You can't possibly blame TM (the guy you replaced) for this as he turned over day to day operations to Lutz last year (true its his old mess but what was Lutz for!). The fact that Lutz was spouting that NN would meet forecasts only last week shows just where the blame should be (I do believe others let him down but since I don't know them I'll blame Alan). Its usually the President (compaq excluded) who gets the boot on sorry messups like this although I don't think its warranted here (maybe a slap to the back of the head but certainly not fired). I Think this a major mess. It'll be fixed I have faith in Lutz to pull things together. But I'm Glad you aren't in charge of the Universe. (As I'm sure TM is aswell) I do however agree that the consultants you mentioned could be very usefull over the next few (I hope only a few) months. They pointed out(at the website) how easy it is to implement their system quite quickly I hope it goes this well for NN. Cheers Rhys