SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Liatris Spicata who wrote (3332)12/31/1997 5:52:00 PM
From: WiseGuy  Read Replies (1) of 6980
 
Bay stated 4% Asia exposure in a news release on Dec 10, 1997 through Dow Jones Newswires.
_________________________________________________________________
Dow Jones Newswires -- December 10, 1997
Bay Networks Backs Wall Street's 2Q View
Of 26c/Shr

By Mark Boslet

PALO ALTO, Calif. (Dow Jones)--Bay Networks Inc. (BAY) said it
stands by its second-quarter guidance for revenue to climb sequentially and
earnings to meet Wall Street's consensus.

The company reiterated the guidance in the wake of a rating cut from
Donaldson Lufkin & Jenrette to market perform from buy.

In October, as the networking equipment company reported its first quarter,
Bay Network officials said revenue should grow from the first to the second
quarters, but not as fast as the 11% increase from the fourth to the first
quarters. The company said its guidance has not changed.

Bay Networks on Wednesday also said it was comfortable with Wall
Street's consensus estimate for the second quarter of 26 cents a share.

Bay also noted its exposure to troubled Southeast Asian markets was
relatively minimal. Only 4% of sales come from Asian and Pacific Rim
countries, a spokesman said.

In a research note, DLJ analyst Stephen Koffler said he was concerned hub
product sales would be flat in the quarter and router growth will have
slowed as the company's new Accelar switch is cannibalizing sales.

Bay Networks shares closed the day down 2 3/8 to 25 2/16.

-Mark Boslet; 415 496-1366
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News