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Technology Stocks : BAY Ntwks (under House)
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To: RFF who wrote (3145)12/15/1997 4:27:00 PM
From: Beachbumm  Read Replies (1) of 6980
 
You know, those Fools really are amateurs at journalism if not investing. In a very imprecise way, they are correct. At some point Bay made a caution to analysts not to project the revenue numbers because around Sept. or so was some softening. It was NOT an earnings warning, and, indeed, BAY has been clear that this quarter will meet its target of some sequential revenue growth (in low single digits). The earnings number appears not to be in jeopardy. Now, who knows if this quarter was actually a little weaker than they hoped for and maybe some of the strong revenue from previous quarter was held over just in case. The point is that the Fools are playing fast and loose with the issue and being misleading. So screw 'em. You know, what would have been wrong with them reporting that CSCO and BAY are two networkers who have NOT given earnings warnings? Well, in this lousy market, nothing would help anyway. We are just going to have to persevere through this.

Beachbumm
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