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Technology Stocks : BAY Ntwks (under House)
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To: Jonathan C. Williams who wrote (4728)3/17/1998 4:33:00 PM
From: missing  Read Replies (1) of 6980
 
FROM CBS MARKETWATCH 3-17-98

[BAY] BAY NETWORKS SEES ACCELAR REVS INCREASING, NEW PRODUCT INTRODUCTION
16:24 [BAY] BAY NETWORKS SEES MARKET CONDITIONS TO BE COMPETITIVE IN FUTURE.
16:23 [BAY] BAY NETWORKS SAYS PLEASED WITH ACCELAR PRODUCT LINE.
16:22 [BAY] BAY NETWORKS SAYS Q3 CHARGE ON R&D FROM RECENT ACQUISITIONS.
16:22 [BAY] BAY NETWORKS SEES Q3 CHARGE OF $154 MLN, OR 67 CENTS/SHARE.
16:21 [BAY] BAY NETWORKS SEES Q3 GROSS MARGIN LOWER THAN Q2 51.5% LEVEL.
16:20 [BAY] BAY NETWORKS CITES WEAKER DEMAND IN MANY CUSTOMER SEGMENTS.
16:20 [BAY] BAY NETWORKS SEES Q3 REVS DOWN 10% FROM Q2 REVS OF $645 MLN.
16:19 [BAY] BAY NETWORKS SEES Q3 REVS, OPER INCOME LOWER THAN PRIOR GTR.
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