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

To: Paul Fine who wrote (4595)	3/14/1998 6:04:00 AM
From: rupert1	Respond to of 6980

Paul: San Jose in October may be BAY's last AGM - Lucent is free to buy on a pooling of interest basis at midnight on 8th October, 1998.:-). Did House say meeting estimates would be "close" or did he say that getting incremental growth in 3Q, in contrast to the historical precedents, would be close? Remember Lindsay of DMG made his slight downgrade after the last CC because he had never previously considered that incremental growth in 3Q would not be achieved. He then left himself open to upgrade before earnings. His successor at DMG upgraded the week before last. Your point about 25% of sales still being unknown in the last two weeks of March illustrates my point that nobody - not even the big sellers, can know what the results are. The idea, prevalent on this and other threads, that because some institutions have sold means that they must know something negative is not logical. The sellers are making the perfectly reasonable point that, given the size of their holdings and their need to preserve good figures for their own end of the quarter results, they would prefer to take profits now as an insurance against the uncertainties. They are joined by smaller sellers pulled along in their slip-stream or by slavish TA's. I would feel sure that BAY already knows the parameters of the revenues for this quarter on the basis of sales in process. I would think that BAY is currently giving serious strategic thought as to how to meet or exceed street expectations. Victor