BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: rupert1 who wrote (4145)	2/10/1998 9:54:00 AM
From: Frank Ferrari	Read Replies (3) of 6980

A summary of where BAY is from a Traders perspective (briefing.com). Bay Networks (Bay...30 9/16) Bay Networks provides products that support seamless communications across local and wide area boundaries... Products include LAN and ATM switches, hubs, routers, remote/Internet access solutions and network management products... Serves samll offices, mobile workers and enterprise groups. Trading Points Stock took out pivotal resistance last week and recently moved back above 50- and 200-day moving averages... Gains occurred amid increased volume. Most recent ratings upgrades by Adams Harkness and Bear Stearns have been positive, though on 1/20 Goldman Sachs and Prudential cut their ratings after company reported earnings one cent above estimates. Mgt successfully guiding difficult turnaround; product pipeline and acquisitions to keep firm near top of highly competitive networking industry. Earnings over next 5-yrs projected to grow by 25.8% compared to market growth rate of 7.1%... FY98 estimate = $1.09, FY99 = $1.57. Using 98 estimates, stock's relative p/e is 1.33 and its PEG (98 p/e over est 5-yr growth rate) is 1.08

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