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

To: RFF who wrote (3412)	1/9/1998 2:06:00 PM
From: whitephosphorus	Read Replies (2) \| Respond to of 6980

Wessels Arnold and Henderson made this comment today... I haven;t been able to confirm or deny it anywhere else. They did not change their earnings or buy rating interestingly enough.

To: RFF who wrote (3412)	1/9/1998 4:55:00 PM
From: WiseGuy	Read Replies (3) \| Respond to of 6980

Bay Networks Falls 9% On Concerns Over Stalled Shipments NEW YORK (Dow Jones)--Bay Networks Inc. (BAY) shares fell 9% Friday amid concerns that the company has delayed shipment of its gigabit ethernet for the Accelar 1000 product line. In an afternoon research note Friday, a Wessels Arnold & Henderson LLC analyst said "multiple sources" had reported that the product is not shipping yet and would not ship for several weeks. The firm described the gigabit ethernet product as being "the next major product cycle for Bay." A receptionist at Wessels Arnold & Henderson said the analyst doesn't speak to the press. An analyst at Cowen & Co. took issue with the Wessels Arnold & Henderson report, saying Bay Networks had begun shipping the product in December. "We believe incorrect information has hurt the stock today (Friday)," said Chris Stix, of Cowen & Co. Stix said he anticipates Bay Networks to ship $50 million worth of the product in the quarter. Bay Networks officials couldn't immediately be reached for comment. Bay Networks shares recently were trading down 2 5/8, or 9.2%, at 25 7/8 on volume of 5.3 million shares, compared with average daily volume of 3.2 million shares. -Christopher Grimes; 201-938-5253