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Technology Stocks : Bay Networks (BAY)

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To: John K. Culley who wrote (2293)11/21/1996 11:28:00 PM
From: Paul Fine   of 4270
 
John: As you look for "tens of thousands" of small investors to impact this stock, remember the annual report said there were less than five thousand shareholders in total for the last proxy mailing. This is still not a widely held stock. The institutions(and Severino and Ludwick) still own the biggest chunks. Even with today's relatively light volume, I saw a 98,800 share trade in the first 1/2 hour. Remember where we are in the food chain.
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