BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: The Phoenix who wrote (6742)	6/23/1998 11:17:00 PM
From: Paul Fine	Read Replies (1) of 6980

Re Bay Short Interest: Someone earlier had made mention that there could be action by shortsellers of Bay that is holding down the price, but would rebound after they unwind their positions following last Friday's options expiration. I saw in today's IBD that there was only about 8.6MM shares of Bay short as of June 15th. While this was up from alittle over 6MM a month earlier, it is an insignificant quantity as far as price pressure is concerned(less than two days of normal trading volume). As I have said repeatedly in the past week, expect no significant movement(up or down) in Bay's stock price until there is more visibility on how this quarter has ended. If the analysts leak info from credible sources early, it will come before the official release of numbers by Bay. Otherwise, we are looking at some time in mid-July. I would expect to be able to post the specific date after the 4th of July weekend. In the meantime, we will be living in a very narrow range, regardless of what else the market does(IMO). Make no mistake about it; this quarter is the most critical one since House came on board. Bay MUST deliver as promised, and adding a few dollars wouldn't hurt! Paul

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