BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: Lerxst who wrote (2908)	11/26/1997 6:04:00 PM
From: Paul Fine	Read Replies (1) of 6980

Actually, it is more confusing than that. You have to take into account the last 3/2 stock split. You are right about nearly hitting $50, since after the SNPX/WFLT merger the stock went up from $16 in 8/95 to nearly $75 a year later(and then split 3/2 dropping the new price down to $49+). It fell and meandered the rest of Dec and early Jan and then nearly reached the old high in early Feb'96. Then, as we all remember, the bottom began falling out and continued until a year ago. I apologize for misstating an alltime high($49+) with the 18 month high($41 7/8). The higher number actually makes my comparison of Bay's return on investment over time vs. cisco even more. As of today, Bay is 40% off its alltime high of 2 years ago and 28.5% off of its 18 month high set only 6 weeks ago. Cisco is less than one point off of its alltime high. The original post and this one were never intended to be Bay bashing. I was merely trying to put a return on investment spin into what is often a technical comparison discussion on this thread(which I need and enjoy since I have no such expertise). Last sidenote: As I have noted in the past, SNPX and Ludwick-Bay typically ran in 18-20 month cycles; good and bad. That is one reason I was blindsided by the drop in 10/97. We had only been moving up for 7 months($16-$41). I did not intend to get concerned until Summer'98. Hopefully, the down cycle will also be as short(or shorter)than true historically and we can get this ship spiking up again after the first of the year in (correct)anticipation of positive rev(very key)and earnings growth. At some point I will have to sell Bay, but I think I will always keep one share certificate to be buried with me. Just sentimental, I guess. Hope all of you enjoy a Happy Thanksgiving. Paul

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