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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Glenn who wrote (47621)	6/2/1999 9:11:00 AM
From: Dave	Respond to of 90042

Morning everyone!

To: Glenn who wrote (47621)	6/2/1999 9:13:00 AM
From: kathyh	Read Replies (2) \| Respond to of 90042

good morning everyone... hoping for a more positive day today... good luck to all of us!! kathy :)

To: Glenn who wrote (47621)	6/2/1999 9:17:00 AM
From: MARK C.	Read Replies (1) \| Respond to of 90042

Good Morning Glenn, If you get a chance could you give me your thoughts on ONSL. Seems like one to keep an eye on if this market decides to turn up and run a little. TIA, MarkC.

To: Glenn who wrote (47621)	6/2/1999 9:17:00 AM
From: kathyh	Respond to of 90042

question to the thread... thoughts on what effect nn missing estimates will have on coms, cs and other networkers... this article says estimates were 21 cents, but read elsewhere 13 cents, i think they missed revised estimates by a penny... kathy :) Tuesday June 1 6:43 PM ET Newbridge Delivers Disappointing Results OTTAWA (Reuters) - Newbridge Networks Corp. (NYSE:NN - news) delivered fourth-quarter results Tuesday in line with an earlier profit warning that had played havoc with the company's share price. The Ottawa-area firm, which produces digital networking gear, posted a fourth-quarter net loss of 11 cents a share versus a profit of 12 cents a share in the year-before quarter. Excluding charges and gains it posted a per share profit of 12 cents a share against 13 cents in the year-before quarter. Analysts had expected a profit of 21 U.S. cents a share excluding extraordinaries. Problems with the firm's supply chain were behind the shortfall, the company said. Newbridge reported other results in Canadian dollars. Sales were C$457 million in the quarter and profit was C$33 million, or 18 Canadian cents a share, excluding charges and gains. The results, for the period ended May 2, were in line with a May 4 profit warning that sent Newbridge shares into a tailspin. At the time, angry investors shaved the share value by more than a fifth, from C$53.60 to C$41.95, on the Toronto Stock Exchange. One-time gains were related to the initial and secondary public offering of shares of Newbridge affiliate Tundra Semiconductor Corp. Charges reflected one-time costs to streamline operations by cutting development of some mature products and closing some offices. For the year, Newbridge recorded sales of C$1.8 billion and a profit of C$162 million excluding nonrecurring items, or 91 Canadian cents a share. Investors were jittery about the results and plans to repair supply chain problems earlier in the day. The stock fell C$1.35 to close at C$40.15 on moderate trading on the TSE. The company's results were released after the market closed. --------------------------------------------------------------------------------