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Technology Stocks : BAY Ntwks (under House)

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To: John Koligman who wrote (2963)12/3/1997 5:42:00 PM
From: Paul Fine  Read Replies (1) of 6980
 
John: Thanks for kind thoughts; could sure use a sustained rise in Bay's tide of good fortune! On today's action, I take heart in the significant rise in volume traded(6MM+) versus average volume in the past few weeks of <2.5MM shares. With most of today's volume on the upside, it would appear we have a base to build from. Of course, all this is dependent on Bay finishing well in December. All bets are off if sales momentum slows in this last month of the quarter. I say this even if the profit number($.27) is reached, but on less revenue. Remember, it was the softer than expected rev. number that broke the stock price in mid-Oct., not profit concerns.

In the meantime, let's hope we can finish the week somewhere north of $30. At least then I would feel like I could complete my Xmas shopping with a credit card with a belief that the cash to pay the charge card bill in January might be there.

Good Luck to All-

Paul
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