BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: George A. Roberts who wrote (5342)	4/16/1998 7:15:00 PM
From: rupert1	Read Replies (1) of 6980

Geroge: Briefing Com. is not stampeded, maybe the analysts will agree. It talks of "drift" and holding at $22 and working its way higher . I also think the takeover story is strengthened tonight. _____________ "Computer Networking ... However, group could take a step back today as Bay Networks reported weaker than expected results... Bay posted a gain (ex charges) of $0.04, 8-9 cents below street estimates and 6 cents below year ago results... Revenues rose by 6.7%... Though company noted that it industry demand is likely to remain soft in the quarter ahead, it does expect to post sequential revenue growth due to strength in new products... Stock which was down 1 going into the report, should drift lower tomorrow... However, we expect key support at 22 to hold and for stock to work its way higher over the near- to intermediate-term. _________________________ Victor

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