BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: Daniel Liberty who wrote (5724)	5/11/1998 5:32:00 PM
From: Pravin Kamdar	Read Replies (3) of 6980

If you look at the charts, I think the smart money expects the merger to be with Ascend; not Bay. Since Bay management has a track record of leaking inside information to their market maker cohorts, the lack of stock action indicates that there is nothing about to be announced. Personally, I hope there is not an LU buyout just yet. I think Bay is on track to be back to $40 by this fall, when LU will have to pay $70. Besides, since LU can't afford 12 to 15 billion in cash for Bay right now, they will have to wait until this fall when they can use a stack swap. If there is news concerning LU and BAY, it will probably be about a collaboration that will setup a merger this fall. Pravin.

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