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Technology Stocks : BAY Ntwks (under House)
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To: Paul Fine who wrote (5262)4/15/1998 6:39:00 PM
From: rupert1  Read Replies (1) of 6980
 
Paul: Not so long ago, a matter of weeks, BAY was paralleling COMS with a gap of between $2-4 dollars. (Today it is about $8-9). I think it should work its way back to that kind of differential. So I am happy when COMS and CISCO and every networker in sight does well: it raises the Street's valuation for the sector and expands the acceptable PE range for BAY.

As for a sustained rise - it will come when the Street starts to feel confident about the June and September quarter earnings. I have been saying sometime in May - possibly the 15th at 3.23 p.m. :-)

Victor
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