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Technology Stocks : BAY Ntwks (under House)

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To: Jeff Duan who wrote (5920)5/16/1998 4:03:00 PM
From: Paul Fine  Read Replies (2) of 6980
 
There is alot of tech resistance at $28 for Bay. It may trade above it intraday, but unless it closes above $28.50 for two days or more in a row, it won't be considered a breakout. And without any fundamental news about good sales this qtr, only more takeover rumors(news?) will move the stock higher. I consider this a fact, not an opinion. I have real concerns about how fast/how many test units of Accelar are turning into multiple sales at test customers. We are midway through the qtr, and I see no "happy dance" going on at Bay.

Paul
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