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Technology Stocks : BAY Ntwks (under House)

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To: RFF who wrote (5265)4/15/1998 8:56:00 PM
From: John Messbauer  Read Replies (1) of 6980
 
From Briefing.com
Bay Networks is due to report earnings after today's close... Street looking for a gain of $0.15, though recent activity in the stock underscores market's trepidation that company will miss estimate.
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Good summary of current thinking. EPS forecast is from Zacks. I would feel good if BAY want hit the $.12/share. If BAY does hit $.15 (which I don't think will happen)share price should hit $32-35 in a week. $.12 share should get us to $30. One hitch could be the tone of the conference call. IMHO

Regards,
John
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