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Technology Stocks : BAY Ntwks (under House)
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To: Dennis J. Harris who wrote (3120)12/12/1997 7:14:00 PM
From: RFF  Read Replies (1) of 6980
 
Motely Fool says that BAY warned its revenue wouldn't meet expectations this week. Did anybody else here this? The Fools have been wrong many times before, but I want to make sure that this statement if false.

fool.yahoo.com

"Investors are worried about these companies because their customers are really getting beaten up. Consider recent initial public offering International Manufacturing Services (Nasdaq:IMSX - news) was only lightly touched for $5/16 to $7 3/16. The company's two largest customers areMaxtor, in the very choppy drive business, and Bay Networks (NYSE:BAY - news) , which just warned this week that quarterly revenues would not meet expectations. These two companiescombined account for more than 80% of International manufacturing's trailing revenues. No wonder the shares trade well below the company's $11 1/2 offering price at the end of October."

I thought an earlier post said BAY came out this week and confirmed that it would meet earnings and revenue expectations. Maybe the Fools are interpreting the fact that BAY won't grow sequential revenues at the same 11% rate as not meeting expectations - but this was said months ago. These guys sure live up to their names!

Thanks for any clarifications.

RFF
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