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Technology Stocks : BAY Ntwks (under House)

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To: JDN who wrote (5834)5/14/1998 6:08:00 AM
From: Z Analyzer  Read Replies (3) of 6980
 
You all have a right to be furious with a management that clearly has forgotten who they work for.
1) It is totally inappropriate for management to use analysts as an information conduit to shareholders-it is inherently unreliable, untimely and inequitable to those without a large account at a firm which covers the company closely.
2) If the message conveyed to the analyst community is so unclear that disagreement exists as to what was said, the company has an obligation to clarify what they did or did not say to any one or more of them.
3) If your representatives (management) have put the company up for sale, there is no compelling competitive reason why shareholders should not be informed. The same reasoning applies if there is an asking price.
4) Many of you have far greater percentages of your personal assets at risk than management. For you to be kept in the dark and sell at $23 while management is out shopping for a deal to maximize their personal take from their riskless stock options is the height of arrogance and is just plain wrong.
Some day the SEC will see that these inequities are corrected, but until then you are at the mercy of management's integrity and good judgement, at least one of which is lacking here.
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