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Technology Stocks : BAY Ntwks (under House)

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To: Roads End who wrote (5327)4/16/1998 5:52:00 PM
From: adam hefian  Read Replies (1) of 6980
 
I was too generous estimating that BAY will earn 7c.Well now that they only came out with 4c as opposed to 12c,the teens will be knocking on the door tomorrow.With more downgrades to follow tomorrow we might even see the low teens.As i said before we could easily head to 12.By next month even SHVA will trade higher than BAY,leaving Bay as the cheapest networking company.If House has any credibility and integrity left within him,he ought to head for the exits and resign.He has been saying that Bay will record record revenues for the June qtr for the past 4months and today he says that going forward there will be weak demand.Either the guy is an idiot or he is lying to shareholders.BAY is finished and i would all advise you to take-out your money before its too late.They are finished for good.They will be lucky if LU even considers a buy-out.Good luck to remaining shareholders tomorrow because you are really going to need it.
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