BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: rupert1 who wrote (4607)	3/16/1998 8:38:00 AM
From: czycz	Read Replies (2) of 6980

From briefing.com: Brief: What's wrong with Bay Networks... While the market/tech sector have been driving to new highs over the past weeks, BAY has been in a slump... Since peaking on 2/27/98 at 35 1/4 the stock is down over 22%... Lack of earnings warning or negative news makes decline a little puzzling... Were analyst and investors disappointed in what they saw from Bay at Networking conference - apparently... However, if the concerns were serious, they would be reflected in the earnings estimates... But according to Zacks, there has been no change to the consensus estimate over the past month... In addition, the 3 most recent estimates for this quarter have been right on the consensus of $0.28... While the price action suggests that street concerned over earnings, earning data tell a different story... Price action usually more telling than earnings data.

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