BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: G. Richmond who wrote (6739)	6/23/1998 6:51:00 PM
From: Mang Cheng	Read Replies (2) of 6980

G, here is a excerpt from today's Mercury news : "Executives close to Cisco said that the partnership discussions with Northern Telecom fell apart a month ago because of the same sort of competitive concerns that torpedoed the talks with Lucent. Talks between Cisco and Northern Telecom officially ended earlier this month, when Northern Telecom announced that it had agreed to acquire Bay Networks for $9.1 billion in stock. Bay has been Cisco's main competitor in the market for equipment that switches Internet data between different points at high speeds. " In here, it clearly talks about partnership talks and at that time, the rumours in Toronto Bays Street had it that Cisco would come in and scooped up NT. As stated in the article, csco has a market cap of $85 billion, and NT only $28 billions. So cisco could have bought up NT with its inflated share price. Just a speculation on my part is that this could be NT preemptive strike to buy out BAY real fast so that cisco will leave him alone ! NT obviously didn't want to merge with cisco. sjmercury.com Mang

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