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Technology Stocks : BAY Ntwks (under House)
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To: Beachbumm who wrote (4099)2/6/1998 9:44:00 PM
From: JP  Read Replies (1) of 6980
 
Here's a BAY blurb that may be of interest:


Bay Networks Inc. traded higher after Goldman Sachs maintained its
"market outperform" rating following the company's latest analyst meeting.
In a research note, Goldman Sachs said new product development has
accelerated, but the company's local area network switching growth is
uncertain in the near term, sales of a certain switch could be less than
expectations and the company is experiencing increased competition from
Cisco and 3Com. However, Goldman said it is "impressed' with Bay's
turnaround and it expected it to continue improving gross margin while
tightening expenses. Goldman expects 20 percent growth and should trade
in the mid-thirties -- 20 times its fiscal 1999 earnings estimate of $1.65 a
share. Bay shares closed up 1 11/16 at 31 11/16.

These analysts still really don't understand the mega shift that's going on in networking technology. You can tell by their comments that they are beginning to recognize BAY's new product and management leadership but they're still afraid to stick their necks out. After the "slow" March quarter comes to an end, just watch the analysts fall all over themselves raising Bay to 'Strong Buy' - extolling how wonderful BAY is afterall.

JP
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