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Technology Stocks : BAY Ntwks (under House)
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To: Mang Cheng who wrote (4923)3/20/1998 1:28:00 PM
From: ravi mali  Read Replies (2) of 6980
 
2. BAY is still on a downward trend since begining of March. One or two days
like yesterday and today do not make a chart. Right now I'd say the chart is
neutral - it will consolidate horizontally between $25-28 for the next little
while. I can not predict the next move - up or down - though the probability
for it to go down a bit more is higher in my opinion (due to the shape of the
curve).

Mang, short term Bay possible will be trade between $25-$28 range,
but I think that Bay has better position than COMS. COMS has
low end product(major products). Their profit will be squeezed by Intel, CS
and lot of other low-end player, even asia crisis also will
hurt COMS because those NIC manufatured in Asia would be
terrible cheap.

Bay is the only company have good technology to challenge CSCO,
and further more their stock price is much much cheaper than CSCO, a lot of other network companies.
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