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Technology Stocks : BAY Ntwks (under House)

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To: Paul Fine who wrote (6727)6/22/1998 2:29:00 AM
From: StockMan   of 6980
 
Re -- Secondly, as you said, there was no guarantee(or even a hint right now) that LU would come after Bay in Oct;

Why is it important for the Bay/NT deal to complete by Sept ? Most mergers take about 6 mos to get approval. The DEC/CPQ deal was announced in Jan, and only recently got approval.

Even if LU does not have a bid for BAY, Waiting till after OCT will defintely prove that one way or the other!!!

Furthermore, John Roth mentioned that he wanted Bay for a whole Quarter. He KNEW that after the disastourous 3Q results when Bay's stock took a dive that he could get it CHEAP

House IMO was "bribed" to sell out BAY.

Stockman
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