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Technology Stocks : BAY Ntwks (under House)

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To: Doug who wrote (6314)6/8/1998 1:50:00 PM
From: john dodson  Read Replies (2) of 6980
 
Doug,

Totally agree with the buyout better come in 48 hrs or down goes BAY share price. All longs counting on BAY to have stronger than expected earnings to buoy the share price are seriously misplacing their hope.

If BAY does not announce any deal this week, and instead does one of those "alliance" things, then my guess is that if there is any thing to the $40 Nortel offer, then BAY is holding out.

If THAT'S the case, then either Mr. House believes he can get much more from someone else or he really does not want to partner with Nortel. Interesting...

-John Dodson
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