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Technology Stocks : CSCO, COMS, BAY

CSCO 73.11

+0.3%

Oct 31 9:30 AM EDT

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To: Gary Walker who wrote (130)	6/30/1996 11:57:00 PM
From: Roy S. Newman II	of 135

Gary or all, Do you have a theory why cisco has 27+ millions shares short? I heard the arbitragors are shorting cisco and buying strm, but I'm skeptical of this analysis. However, if this is so, and we get a run before the deal closes, we could see the high 60's shortly thereafter. Any thoughts? Good Luck. Roy

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