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


To: WBendus who wrote (3495)1/15/1998 2:09:00 PM
From: George A. Roberts  Respond to of 6980
 
hursday January 15, 8:04 am Eastern Time

Company Press Release

Bay Networks Provides Campus Backbone Solution for Nationwide Utility Network in China

The Ministry of Power in China to Deploy a New Network Environment with Country Wide Access using Adaptive Networking

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 15, 1998-- Bay Networks Inc., (NYSE:BAY - news) supporting its Adaptive Networking Strategy, today
announced that the Ministry of Power in China, will deploy a leading edge backbone solution as part of the China Electric Power Network. Planned over a two-year
period this is a significant win for Bay Networks following intense competition from six other networking vendors. Bay Networks China joined with key partner Anixter
Asia Pacific to provide the winning solution for the Ministry of Power.

With over 2,000 Local Area Networks and 2 million plus employees the Ministry of Power in China represents one of the largest sites for power generation in the world.
The networking challenge was to design and build a high speed network infrastructure that harnesses the power of emerging network technologies and support
distributed computing to over thirty-four branches within two years. The key requirements being to link the critical networks to a central core backbone immediately with
products that were scalable for a countrywide office automated network in the future.

''With the implementation of our advanced campus routers we designed this solution with WAN cost reduction in mind. Built upon a symmetrical multi-processing
architecture, this solution clearly illustrates a multitasking operating system, allowing for non-stop operation,'' said Juber Chu, area director for Greater China. ''As traffic
is intended to increase over a two year period it is prudent for network managers to find ways of accommodating it without spending excessive amounts of money, and
our cost-effective, high performance products clearly provided the solution,'' he added.

Through Bay Networks adaptive networking strategy, the Ministry of Power network was architected to provide key elements that contain the inherent intelligence
necessary for long term network evolution without disruption. ''The Ministry of Power in China planned their new network based on future requirements, thus the
flexibility and scalability of today's networking products became critical. Specifically, the routers needed to detect and adapt to changes in network traffic types, volumes
and requirements both today and tomorrow,'' said Steve Wood, vice president for Asia Pacific Operations. ''Our flexible approach in this instance provided better
customer service and lower costs, while also offering superior functionality within our routing technology solutions,'' added Mr. Wood.

About Bay Networks Routing Technology

Bay Networks family of routing products illustrates a design philosophy that favors distributed architectures over centralized ones. Not only is the hardware architecture
distributed, the software architecture is too. Bay Networks Routing Services (BayRS(TM)) deals with the challenges of today's networks in the wide area. BayRS is
designed to optimize the use of expensive intersite bandwidth, and with elaborate filtering and prioritization schemes allow complete control over what gets sent
throughout the network. Bay Networks routing products can provide an effective line rate higher than the real rate. With distributed functionality across the various
modules, the router is able to adapt to changing network conditions, as well as hardware and software failures while maximizing performance. This allows for fully
distributed routing and bridging services across all processors within the system. In addition, this eliminates the need for a central supervisory processor dedicated to
redirection services.

About Bay Networks

Bay Networks provides solutions that transition today's complex networks to the IP optimized networks of tomorrow, through Adaptive Networking. Bay Networks'
products -- including frame and ATM switches, routers, shared media, remote and Internet access solutions, IP services and network management applications -- meet
the connectivity needs of corporate enterprises and Internet and telecommunications service providers. Headquartered in Santa Clara, California, Bay Networks markets
and supports its products around the world, providing 7x24 coverage.

In Asia, Bay Networks sells its range of products through its distributors and resellers channels. Bay Networks has representative offices in Australia, China, Hong
Kong, Korea, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, and Thailand. For further information, visit Bay Networks at: baynetworks.com .

This release, other than historical financial information, may consist of forward-looking statements that involve risks and uncertainties. These statements may differ
materially from actual future events or results. For instance, factors that could cause results to differ from future events include the rate of adoption of new technology,
competitive pricing actions and marketing programs, among others. Readers are referred to the documents filed by Bay Networks with the S.E.C., specifically the most
recent reports on Forms 10-K and 10-Q, which identify important risk factors which could cause actual results to differ from those contained in the forward-looking
statements.

Bay Networks is a registered trademark and BayRS is a trademark of Bay Networks, Inc. Other brand and product names are registered trademarks or trademarks of
their respective holders.

Contact:

Bay Networks, Inc.
Kellie DiNaro, 408/495-3037
kdinaro@baynetworks.com
or
Bay Networks Asia Pacific.
Annette MacDougall, 65-323-3522
amacdougall@baynetworks.com



To: WBendus who wrote (3495)1/15/1998 2:14:00 PM
From: Lerxst  Read Replies (1) | Respond to of 6980
 
Wayde,

Please, please don't refer to Bay/New Oak as a "merger" it brings back way too many painful memories. It's an acquisition.

Thanks,

Lerxst



To: WBendus who wrote (3495)1/15/1998 4:08:00 PM
From: rupert1  Respond to of 6980
 
Wayde and Jethro: Jethro thanks. Wayde, I think you predicted 27.5 before earning and a run up to about 31 after. Does your last comment about the present price fairly reflecting a .02 or .03 upwards surprise confirm or change change your prediction?

I had predicted a possible run up to as much a 31 before earnings and a possible momentum short-term run-up to 35, at leat intraday, afterwards. I am still hoping for that. My guess is that the surprise will be earning of 29/30.

Any other offers?

Vepoc