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To: G. Richmond who wrote (11509)	1/12/1998 10:22:00 AM
From: Zoltan!	Read Replies (1) \| Respond to of 77400

OFF TOPIC: >>I agree with Cowen that the Accelar is shipping. Do you want to go on record today and stand behind Wessels Arnold & Henderson and say it's not shipping? Losing wager on losing wager. You've already lost because you had an opinion without comprehending the words in the Dow Jones article originally referenced on the BAY thread 207.183.153.93. Here's the article: 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 Reached after the market close, Bay Networks said it has released its Accelar 1000 product line as planned. The core product has been shipping since the middle of December, while the gigabit ethernet portion is slated to ship during Bay's third fiscal quarter ending March. Bay Networks director of investor relations Sandra Toms characterized as incorrect a Wessels Arnold & Henderson LLC report that said the gigabit ethernet product was delayed. Toms said Bay previously had stated it would ship the gigabit ethernet product during its third quarter. interactive2.wsj.com Read it carefully this time - especially gigabit ethernet for the Accelar 1000 product. The words say Cowen was wrong (on this) and BAY confirmed that fact. Wessels was correct in saying the gig eth product was not shipping - whether they said it was "delayed" or not is not clear from the story - the research note portion says nothing on that, but BAY flack seems to want others to believe that's the case. So if you can read you will see that no matter what the others said it is only Cowen that was clearly wrong in saying the gig eth product was shipping when it was not - your side in your last, losing wager. Regards