BAY Ntwks (under House) Message Board

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 : BAY Ntwks (under House)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jkb who wrote (2854)	11/21/1997 7:58:00 AM
From: Liatris Spicata	Read Replies (1) of 6980

Thread- Yesterday Briefing (B) lowered their rating on the networking industry from 2.5 to 3.5 (OK engineers, I don't know what the units are!). B noted that their upgrade in mid September was "premature" due to concerns about supply, pricing climate, earnings shortfall and ratings downgrades. B indicated the industry will deliver average annual earnings growth of "near 20%-25%" over the next three years (vs 7.6% for the S&P500). "Consequently todays valuations in the networking sector are rather attractive from a long-term perspective." But, "Right now, the industry's momentum is downright awful. Only group leader Cisco is holding up relataively well." B noted several companier (the usual suspects, including Bay) posted sizeable declines recently. However, they also "contend that the worst of the selling is over for the sector", but that earnings concerns "indicate that the group will do well to keep pace with the market of hte near term." Longer term they feel the sector "will bounce back and slightly outperform the market". They also mentioned that FORE, Newbridge and Cabletron are possible takeover candidates. Larry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next