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Technology Stocks : BAY Ntwks (under House)
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To: JDN who wrote (5021)3/31/1998 5:19:00 PM
From: Paul Fine  Read Replies (1) of 6980
 
Re "institutions aren't buying Bay"- This should not come as a surprise. As I posted 1 1/2 weeks ago, the stock will probably trade in a narrow range($25.5-28.5) until the next conf. call. Bay has pre-announced neg #'s, but with positive forward-looking statements(eg. "if we had two more weeks we might have made the number"). The Street, IMO, is waiting for two weeks into the next quarter to see if that has in fact happened. The conversion rate for the demo models of RSP into actual sales is the shortterm future of this company, as far as growth projections are concerned. Why would anyone stick their neck out now when they can act on reliable info in two more weeks? I see the low volume(<2M shares/day) to be a good sign; people aren't dumping the stock either. Just hang in there a while longer.

Paul
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