BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: gs who wrote (3619)	1/21/1998 10:17:00 AM
From: Paul Fine	Read Replies (1) of 6980

As I posted last night, there were things in the conf. call for those who were looking for negatives. Well, once again the analysts were listening to a different conf. call than me. Bay will get hammered today, with the delayed opening of the stock called at $25-$27!!! Both DMG and Pru downgraded Bay today(to accumulate and hold respectively, from Buys), and Bear Stearns upgrading from neutral to attractive. I have no details yet, but it was reported on CNBC(after House's appearance) and Reuters. This is the second qtr. in a row where the company reported record earnings and revs and still got badmouthed. The unfortunate truth is the traders make money by selling Bay before earnings and buying it the day after. The strength of the business does not necessarily translate to strength in the stock price. Could be another slow qtr for shareholders. If anyone has specifics from the DMG or Pru reports, please post for us. The specifics from the DLJ report were a mealy mouth attempt to justify his previous and ongoing negative view of Bay. Paul

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