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

To: WBendus who wrote (3349)	1/3/1998 6:58:00 AM
From: rupert1	Read Replies (1) \| Respond to of 6980

Wayde: Thanks for your concise summary. Recovering the "DLJ comments gap" would take us to what - $33? I am confident about the medium to long-term prospects. I am nervous about timing. I worry about negative market sentiment from poor results from INTC, MSFT or one of the big box makers, not to mention some of the smaller networkers. I worry further out about CSCO's results in February. There may also be serious hiccups from Asia. Because I have a large position, partly on margin, there is only so much backing and filling I could take. If backing and filling was to be pronounced, with a slight upward bias to, say, $33, then BAY might best be considered a trading stock in the short term. This would not alter the bullish longer-term prospects for those with a more comfortable holding than mine. In the longer term, what would your price target be for 1st July, 1998? What is the range of analysts predictions? I have seen $49 for the medium to long term. DLJ offered $31 in twelve months. The latter is sobering - I was expecting that price shortly after earnings if not before on an exaggerated momentum run-up. In your pricing assume your scenario as well as some new acquistions and the unfolding and good execution of the marketing strategy, which I think is the third stage of the turnaround story in BAY. Does anyone have access to brokers recommendations and current intentions? My last worry is the high level of institutional holdings. I wonder if there is room for any upward movement in the percentage and conversely worry about the herd mentality of the institutions if things should turn sour for any broad market reason or if the BAY results are good but not promising enough. We saw what happened after the last results. Hope to keep this discussion going before Monday. As you see I am climbing my personal wall of worry. Vepoc