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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?

To: A. F. Brooks who wrote (3049)	12/10/1997 11:05:00 AM
From: Jurgen	Respond to of 6980

Thyphoon read it: Message 2925808

To: A. F. Brooks who wrote (3049)	12/10/1997 11:22:00 PM
From: gs	Read Replies (4) \| Respond to of 6980

PALO ALTO, Calif. -- Bay Networks Inc. (BAY) said it stands by its second-quarter guidance for revenue to climb sequentially and earnings to meet Wall Street's consensus. The company reiterated the guidance in the wake of a rating cut from Donaldson Lufkin & Jenrette to market perform from buy. In October, as the networking equipment company reported its first quarter, Bay Network officials said revenue should grow from the first to the second quarters, but not as fast as the 11% increase from the fourth to the first quarters. The company said its guidance has not changed. Bay Networks on Wednesday also said it was comfortable with Wall Street's consensus estimate for the second quarter of 26 cents a share. Bay also noted its exposure to troubled Southeast Asian markets was relatively minimal. Only 4% of sales come from Asian and Pacific Rim countries, a spokesman said. In a research note, DLJ analyst Stephen Koffler said he was concerned hub product sales would be flat in the quarter and router growth will have slowed as the company's new Accelar switch is cannibalizing sales. Bay Networks shares closed the day down 2 3/8 to 25 2/16. -Mark Boslet; 415 496-1366