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Technology Stocks : BAY Ntwks (under House)
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To: Wallace Rivers who wrote (6590)6/16/1998 7:58:00 PM
From: Maverick  Read Replies (1) of 6980
 
NORTHERN TELECOM LIMITED and BAY NETWORKS INC agreed to join
forces on Monday, but the deal quickly drew criticism as analysts
said the combined company would face intense competition and
internal product development challenges. "There's an awful lot of
hype and fancy buzz words, but anyone who knows the realities of
these two companies isn't buying it...There needs to be
modification of their product lines and creation of new products,"
said Christine Heckart, a vice president with consultancy
TeleChoice. Nortel may feel the Bay Networks deal helps it catch
up to LUCENT TECHNOLOGIES, but analysts expect Lucent to jump
further ahead later this year. (Reuters 06:44 PM ET 06/15/98) For
the full text story, see
infobeat.com
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