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Technology Stocks : BAY Ntwks (under House)
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To: StockMan who wrote (5715)5/9/1998 11:40:00 AM
From: KEN G   of 6980
 
Stockman: "BAY prefers to be independent and not acquired." What else would any CEO say unless they were heading down the tubes and had to be acquired? I expect House as any other CEO would rather be independent but you got to play the cards dealt. I'm sure if LU or Nortel made the right offer House would put the shareholders first...and I'm sure the standard "3 year (not expected to do any work) consulting contract House would get would keep him healthy.
For every 2 shares of Bay we would get 1 share of Lucent...the resulting company would be called BaBaLu (Oh, ricky!)
KG
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