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Technology Stocks : BAY Ntwks (under House)

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To: WiseGuy who wrote (5318)4/16/1998 5:04:00 PM
From: Gianluca Bacchiocchi  Read Replies (3) of 6980
 
There were some positive forward looking statements too. Here is one from the press release.

"Looking forward, we expect to achieve sequential growth in revenue from the March quarter during the June quarter. We are confident that the revenue contribution from the Accelar product family will increase significantly because we will be shipping new models and have greater availability of the product line. Also, other new products that began shipping during the month of March will contribute to revenue for a full quarter. We will continue to aggressively control growth in operating expenses. Although we believe the effects of weaker industry demand and longer purchase cycles will persist in the coming months, we feel that our enhanced product portfolio gives us a stronger position to meet these challenges," concluded House.
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