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Technology Stocks : BAY Ntwks (under House)
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To: john dodson who wrote (6282)6/7/1998 1:45:00 PM
From: Anthony Wong  Read Replies (2) of 6980
 
John and Doug, I'll be glad to be proved wrong, but I can't see Nortel paying $40 for Bay. Nortel's management is conservative and bureaucratic, and its parent BCE even more so. Sure they would love to get Bay, or Ascend, or even Newbridge on a lowball bid. If this buyout doesn't materialize, we would have to wait till Oct. for a possible Lucent buyout, or perhaps a surprize bid from the Europeans?

Now, Nortel may be willing to up their bid to $37, but would Bay be willing to accept $37?
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