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

To: The BayWatcher who wrote (3102)	12/12/1997 9:28:00 AM
From: Bosco	Respond to of 6980

good morning, all - as to show where I m coming from, I ve added long position in BAY last week. I'd like to echo Paul's wonderment, so long as DMG's Messr Noel Lindsay does not single out BAY as the underachiever (I am not DMG's client though,) I feel ok. The DLJ's anal-ist really cracks me up (unfortunately, he also ticks me off :-P,) he has basically reduced 1c the coming Q, 1c the next Q and 2c for the whole FY, but he has also reduced DLJ's target shr from $50 to $31. I am wondering what kind of new math is that! Ok, his argument is that BAY might have less of an upside - but it certainly doesn't sound too convincing to me. Anyway, too bad to the herd controls the mkt. rgds Bosco

To: The BayWatcher who wrote (3102)	12/12/1997 9:29:00 AM
From: WBendus	Respond to of 6980

The BayWathcer, another good networking/telecommunications analyst is Nikos Theodoppulus(sp?) from UBS. This guy has been very good at assessing the industry and spotting problems in some of the networking stocks. Nikos put out a downgrade on ASND at 55 3/8 during its small run a few months back. At that time, it looked like Ascend was starting to attrack the herd as its price went soaring from the mid 30's to mid 50's in a little over a months time. (Forgive me if I am not precise, but I am working from memory here.) That was also a time when ASND management was talking of low double digit to high single digit revenue growth and most other analyst were just begining to raise estimates as a result. Nikos called the downgrade right at the higs for the period. A brave but prudent move. His concerns have panned out. If I get a chance, I will see what UBS analysts are saying about BAY and attmept to post later in the day. Wayde.