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

To: jethro who wrote (3494)	1/15/1998 1:40:00 PM
From: WBendus	Read Replies (3) \| Respond to of 6980

All of the analyst comments on the Bay/New Oak merger have been very positive. They all view the acquisition as a strategic move and feel that the price being paid is a fair one. On the flip side, they see some moderate dilution to earnings of around a penny a share in the 3rd qtr, excluding any charges for in-process technology, and nil in the 4th. The analysts are waiting to revise their estimates until after earnings are announced on the 20th. The current range of estimates is .24 to .27, with .26 being the mean. I suspect, given the recent runnup and timing of announcements, that there might be a moderate surprise of .02 to .03 cents a share. This surprise is probably already fairly priced into the stock. The concept of the VPN is to allow remote access via the internet, thus saving on costly long distance and international calls. Lehman, Goldman, First Albany, Cowen, Prudentail, Merrill and Deutch MG all had possitve comments on the merger. Wayde.