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Technology Stocks : BAY Ntwks (under House)
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To: Cruiser who wrote (6585)6/16/1998 6:13:00 PM
From: StockMan   of 6980
 
Cruiser,
Re -- And to think I used to respect your comments ...

Personally, I dont care wether you do or not. What I said was facts.

I however apologize, that I got a little carried away on the "loser" remark.

Mr House has continuously over- promised and under-delivered. Here are a few occassions.
-- Bay will grow faster than Industry -- NOT.
-- Bay's next generation of Baystack 350T will obsolete Cisco's equivalent product -- NOT
-- Bay's stock will be $100 in 2 years (even though this is stretch, Bay came nowhere close)
-- Bay will try for increased sequential revenue in Q3 98 -- NOT
-- No visibility 2 weeks from the end of the Q, and failing to deliever what as promised 2 weeks earlier.
-- "You will see a number of OEM agreements and cross development activities between Bay and the telecom equipment" 1 week before buyout -- NOT.
-- A whole bunch of other promises -- NOT.

Only a fool makes public statements as above and is not held accountable.

I hope you have principles, because while your peers over at Cisco, and LU will be driving BMW's you guys at Bay will continue to drive Yugo's.

Good luck and Hope NT does better with Bay, but I seriously doubt it.
However Bay had no choice.

I will exit this stock at the appropriate time.

Stockman
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