BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: mr. picker who wrote (4316)	2/26/1998 9:10:00 PM
From: rupert1	Read Replies (1) of 6980

Mr. Picker: Re the possible conflict of interest between House's involvement in Intel and Bay - the thought has occurred to me that it must be very difficult for House and Grove, who I understand are still squash or golf partners, not to discuss matters subject to their respective commercial, competitive interests. I am sure that House must have substantial contact with his former colleagues at Intel and, again, it must be difficult to converse without touching on areas of conflicting interests. I have always supposed that on balance the relationship is good for BAY despite the potential for conflict of interests. As to House buying another 100,000 - that's asking a lot. For a good part of the last 18 months I have owned more BAY than House and most of the directors and am always a bit concerned at how little some directors own. I have felt quite exposed at times wondering what they know that I don't. I would like to see other directors than House buying shares. (By the way, I do not own that quantity any more although I still have a sizeable holding). Regards Victor

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