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

To: bayhead who wrote (3617)	1/21/1998 10:12:00 AM
From: gs	Read Replies (2) \| Respond to of 6980

STOCKS IN NEWS,BAY NETWORKS, INC. * MarketScope, Wednesday, January 21, 1998 at 09:07 1/21/98 9:00 am... STILL HOLD BAY NETWORKS (BAY 29*) AS POSTS Q2 FY 98 EPS OF $0.27 vs. $0.10... beats Street's mean of $0.26, as 25% rev. growth better than expected... benefited from new leading technology switches (i.e. Accelar), remote access products... gross margin of 51.5% vs. 49% as expected, aided by cost cuts, new products, offsetting aggressive pricing... co. "hopes" Q3 can buck traditional sequential drop in revs. with new products... sees further gross margin gains... Raising FY 98 (June) est. $0.02 to $1.02... Qtr. solid, but at 23X $1.26 calendar '98 estimate, hold for now. /M.Graham-Hackett -0- BAY $ (0249) 01-21-98 09:08 AM EST

To: bayhead who wrote (3617)	1/21/1998 10:18:00 AM
From: Bosco	Read Replies (1) \| Respond to of 6980

Dear bayhead - thx for the DLJ article. Personally, I don't ve much respect for DLJ anyway - and its "kicker" explanation is no less elusive <g>. I am hoping to see what Messr Noel Lindsay has to say about BAY. And agreeing with others, GS was pounding tables for CSCO, so I won't concern myself with GS either (although it can certainly move stks!) rgds Bosco

To: bayhead who wrote (3617)	1/21/1998 10:23:00 AM
From: WBendus	Read Replies (1) \| Respond to of 6980

Could the chuckles from management have prompted the headline? And, what do we make of this? " Also, the fact that North American revenues declined slightly sequentially while Wescon, Bay's largest North American channel partner, represented 10% of total revenue begs the question whether Bay needed Wescon to take a big in order to make the quarter." Sour grapes from being laughed at. Dr. House, you bonehead! DLJ slit our throats before and they've done it again. Wayde.