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Technology Stocks : Bay Networks (BAY)

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To: John K. Culley who wrote (2143)11/7/1996 8:08:00 PM
From: John Koligman   of 4270
 
Hi John

Yes, I think you are correct in that I remember reading that House got 2m shares. Not that he needs it, as I also read he is already quite well off due to his holdings in Intel, (come to think of it, those holdings alone better than doubled this year, as I recall Intel trading around 50 not too long ago!!). It just goes to show you, the time to buy a quality company is when everybody hates it, I remember Intel getting slammed when it was at 50, now it's getting near a triple off that price and everyone loves it - and it probably means it is not a bad time to take some profits in it if you have them.

John
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