STOCKS IN NEWS,BAY NETWORKS, INC. ***
MarketScope, Wednesday, January 21, 1998 at 09:07
1/21/98 9:00 am... STILL HOLD BAY NETWORKS (BAY 29***) AS POSTS Q2 FY 98 EPS OF $0.27 vs. $0.10... beats Street's mean of $0.26, as 25% rev. growth better than expected... benefited from new leading technology switches (i.e. Accelar), remote access products... gross margin of 51.5% vs. 49% as expected, aided by cost cuts, new products, offsetting aggressive pricing... co. "hopes" Q3 can buck traditional sequential drop in revs. with new products... sees further gross margin gains... Raising FY 98 (June) est. $0.02 to $1.02... Qtr. solid, but at 23X $1.26 calendar '98 estimate, hold for now. /M.Graham-Hackett
-0- BAY $ (0249) 01-21-98 09:08 AM EST |
