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

To: Paul Fine who wrote (4389)	3/3/1998 6:22:00 PM
From: Ken Twining	Respond to of 6980

If there ever was an example to "buy the dips," this sure looks like one to me! The news on Cabletron's problems has been concluded as being "not sector related" meaning the drop in BAY is unwarranted. I think this is also reinforced by the comeback in the stock later in the day today. actually for awhile being up a quarter or so, and ending only down about a half. "The uptrend is our friend!"

To: Paul Fine who wrote (4389)	3/3/1998 6:30:00 PM
From: Ibexx	Respond to of 6980

Thread, Cowem reiterated BUY today. Ibexx

To: Paul Fine who wrote (4389)	3/4/1998 1:49:00 AM
From: WiseGuy	Respond to of 6980

Thread, the reason why Bay has been weak Mon&Tues is probably due to 2 analysts trimming estimates over the weekend. ______________________________________________________________________ FIRST CALL EARNINGS ESTIMATES BAY Bay Networks 03/02/98 Industry: Com-wo AT&T SIC: 3576 Latest Price: $31.75 1998 P/E: 28.9 Analyst Recommendation: 1.8 QTR QTR FY FY Mar 98 Jun 98 Jun 98 Jun 99 --- --- -- -- CURRENT MEAN EPS 0.28 0.33 1.10 1.59 Number of Brokers 26 24 27 24 Median 0.28 0.33 1.10 1.59 Standard Deviation 0.01 0.02 0.03 0.13 Current High 0.30 0.37 1.16 1.92 Current Low 0.25 0.29 1.03 1.36 Year Ago EPS 0.10A 0.15A 0.59A 1.10 Current vs. Year Ago Change 180% 120% 86% 45% Report Date wk/Apr 15 wk/Jul 22 wk/Jul 22 - EARNINGS ESTIMATE REVISION MOMENTUM Up Revisions last 7 days 0 1 1 1 Up Revisions last 30 days 0 1 1 2 Down Revisions last 7 days 2 1 1 1 Down Revisions last 30 days 3 1 4 1 EARNINGS ESTIMATES CONSENSUS TRENDS Current Mean 0.28 0.33 1.10 1.59 7-days ago Mean 0.28 0.33 1.10 1.58 30-days ago Mean 0.28 0.33 1.10 1.58 60-days ago Mean 0.29 0.34 1.10 1.61 90-days ago Mean 0.29 0.34 1.11 1.62 COMPARATIVE ESTIMATES AND TRENDS Industry - Com-wo AT&T 7.94 11.08 45.22 58.50 Current vs. Year Ago Change 1% 15% 16% 29% Sector - TECHNOLOGY 8.57 10.14 37.19 47.06 Current vs. Year Ago Change 3% 11% 10% 27% WSJ/DJ US Index 10.43 11.76 44.26 50.14 Current vs. Year Ago Change 5% 10% 9% 13% Ratios Relative To: Company Industry Sector WSJ/DJ P/E on 1998 Cal Yr Mean 23.7 29.21 24.35 20.79 PEG on 1998 Cal Yr Mean 0.95 1.24 1.38 1.67 RECOMMENDATION AND GROWTH RATES RECOMMENDATIONS LONG TERM GROWTH RATES Current Mean 1.8 Next 5 yrs - Median 25% Number of Brokers 26 Number of Brokers 9 Industry Recommendation: 2.0 Industry Growth Rate: 24% 7-days ago Mean 1.9 Next 5 yrs - High 30% 30-days ago Mean 1.8 Next 5 yrs - Low 20% 60-days ago Mean 1.8 Last 5 Years 4% 90-days ago Mean 1.8 Diff. from Industry +0.2 Rel. to Industry 1.1 Diff. from Sector +0.2 Rel. to Sector 1.4 Diff. from WSJ/DJ US +0.4 Rel. to WSJ/DJ US 2.0 Transmitted: 03/03/98 09:37 (E_BAY)

To: Paul Fine who wrote (4389)	3/4/1998 8:52:00 AM
From: Typhoon	Read Replies (2) \| Respond to of 6980

I heard from one client who listened to the DLJ call, that all the analyst said was CSCO is gaining market share in every sector. eg this guy must be talking to the CSCO IRs a lot and is buying everything they are saying. I also hear there is a gag order on Bay employees regarding discussing the qt with analysts or anyone. And they are monitoring phonecalls, and will make an example of anyone who they catch. So in the normally leaky commentary which occurs throughout the industry, look for less or silence this qt from Bay. No news does not mean bad news. I think House really wants to surprise the street. I know he was unhappy the stock sold off after the last quarter was reported. I asked him.