BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: Cisco Fan who wrote (4785)	3/18/1998 8:53:00 AM
From: missing	Read Replies (1) of 6980

Hey CiscoFan. I agree with your assessment. But if you want to stay with the big guys, why buy CIENa? Eventually they will (already?) fall to LU. A bit of a contradiction on your part in mentioning LU and CIEN together. PS From WSJ 3-18-98. It seems Pyykkonen forced BAY into making a statement. "I'm reducing their rating until I get material evidence that new orders are really picking up," said Martin Pyykkonen, an analyst with CIBC Oppenheimer Co. in San Francisco. Mr. Pyykkonen triggered Bay's announcement when, earlier in the day, he cut his profit forecast to 21 cents a diluted share, well below the previous consensus estimate of 28 cents a share. Given Bay's subsequent guidance, Mr. Pyykkonen said Bay's net income for the quarter could be as little as 10 cents a share.

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