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Technology Stocks : BAY Ntwks (under House)

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To: Bosco who wrote (5490)4/22/1998 5:17:00 PM
From: Janez Lomshek  Read Replies (1) of 6980
 
Dear BAY Investors,
Are any of you hearing about a possible buyout by Intel at around the $28 to $29 area. What I'm hearing is that it could happen in the coming week or so. Don't know how true it is and this isn't the first time I have heard this.
Think about this: The stock held up extremely well considering the poor earnings, bouncing back from a low of $21 3/8 to Unchanged. Then I believe the Market thought about the earnings again and moved it back to the 23 level. As if the market believed it got ahead of itself. The last few days the stock has held up around the $23 level on low volume. This to me is the silence before the storm. Any other thoughts?
Thanks,
Janez Lomshek
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