Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gbh who wrote (11676)	6/1/1999 6:34:00 PM
From: Ian@SI	Respond to of 18016

gbh, I think it was Q4 of '00 that would beat current estimates by about a nickle. That the whole year would be slightly above the current estimate of $0.97. That may be 98¢. <g> Ian.

To: gbh who wrote (11676)	6/1/1999 9:57:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 18016

gbh, Ben Dummett of Dow Jones Newswire, Toronto also heard the estimate for FY00 the same way you did - increase the estimate by 5¢ for the year which would take it to $1.02US. Short of listening to the conference call 1 more time, I'll accept that I heard incorrectly. Ian. +++++++++++++++++++++++++ June 1, 1999 Dow Jones Newswires DJ Newbridge Sees 1Q Net A 'Few Cents' Below Estimates TORONTO -- Newbridge Networks Corp. (NN) expects its results for the first quarter ending April 30, 2000 to fall short of a First Call analyst consensus estimate of 19 U.S. cents a share by a "few cents." However, Alan Lutz, Newbridge's chief operating officer, also said on a conference call with analysts that he expects the company's earnings for the entire fiscal 2000 year to exceed the consensus estimate of 97 U.S. cents by about five U.S. cents. Lutz gave these projections during a conference call to address the company's fourth-quarter results. As reported, Newbridge Networks Corp., a networking equipment vendor based in Kanata, Ont., reported fourth-quarter earnings of 12 U.S. cents a share, excluding one-time items, on revenue of C$457 million. The figures are in line with projections the company laid out earlier this year in warning the market that its fourth-quarter results would fall short of expectations. At the time of the warning announcement, Newbridge estimated operating earnings in the fourth quarter of 12 to 14 U.S. cents on revenue of about C$460 million. Newbridge blamed its disappointing results on supply management problems in connection with the company's manufacturing operations, which prevented it from completing C$115 million in sales in the fourth quarter. In the conference call, Lutz said that to fix the supply management problems, the company has tried to make sure its master production schedule for a given quarter is more in sync with the actual production schedule. By taking this action, the goal is to avoid the need to build and test the bulk of equipment for sale in the latter part of a quarter, even if firm orders come in at that time. In addition, the company is automating and consolidating its inventory and order intake centers to better ensure company production needs correspond with customers' demands, Lutz said. Finally, Newbridge is providing incentives to its sales staff to complete sales closer to the beginning of the quarter, instead of closer to the end, he noted. -Ben Dummett; 416-306-2024; ben.dummett@dowjones.ca