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Technology Stocks : BAY Ntwks (under House)
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To: Kenneth E. Phillipps who wrote (6914)8/4/1998 11:23:00 PM
From: Paul Fine  Read Replies (1) of 6980
 
Cisco's margins were up a few 10ths of a percent(65%). Kinda makes you sick, doesn't it. They deliver $.48/share, up from $.36 YA, and Bay barely hits $.12, down from $.15 YA. Put another way, their profit of $523MM+ was about Bay's revs two quarters ago. Given that three years ago they were about the same size companies, puts any nostalgic thoughts for Ludwick in perspective(and most of the rest of the old crew). At least we can take solace in the fact that the stock price is holding a whole lot better/higher with the NT takeover as support than if we were out there by ourselves during this market carnage.

Paul
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