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

To: jkb who wrote (3705)	1/21/1998 7:27:00 PM
From: rupert1	Read Replies (1) \| Respond to of 6980

Thread, especially "techies" - DLJ geezer said Accelar proving a difficult ramp-up. Also said problems with back-log and inventory. Repeated his old comments about Accelar cannibalizing. Any informed comments on this? Vepoc

To: jkb who wrote (3705)	1/21/1998 7:37:00 PM
From: rupert1	Respond to of 6980

Jay - House did not caution in his, admittedly, brief CNBC interview. I would characterise him as aggressively confident of growth. If anything, he was too programmed. He was determined to sell the Bay products as superior to those of competitors and sell the success of the company. The only note of caution was the phrase I have already reported that "we are all concerned about Asia" but on the basis of the big wins in Asia and sales activties he expected growth. If the BAY blokes in the CC were playing games with analysts lowering their expectations in order to surprise them, then it has misfired for we shareholders. My reading is still that the analysts are just not certain. They ran the price up before to 41+ on anticipation of an explosion of earnings growth. When BAY correctly cautioned them, the price plummeted. They don't want that again. It is galling, BAY is fairly priced at 29-33 depending on what degree of faith you have in 3rd quarter growth. It is a good buy at 27. Vepoc