Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Yang who wrote (39620)	3/17/1998 4:57:00 PM
From: Land Shark	Read Replies (1) \| Respond to of 61433

I see BAY now trading at 25 1/4 in afterhours. More 30K blocks of ASND being bought at 33 1/16

To: Peter Yang who wrote (39620)	3/17/1998 5:01:00 PM
From: Teddy	Read Replies (1) \| Respond to of 61433

Peter, you could have known about BAY's trouble 10 days ago: Top Stories: Worries About Bay's Current Quarter Persist By Kevin Petrie Staff Reporter 3/6/98 6:28 PM ET Bay Networks (BAY:NYSE) fell Friday afternoon as investors fretted about the recovering networker's ability to finesse a product transition this quarter. After rising with the broader market early in the day, Bay's gains were eroded away in the afternoon. Bay ended the day down 5/16 at 29 9/16, after hitting an intraday high of 31 1/8 shortly before noon. Bay's fall stood in sharp contrast to the overall market's strength, which pulled up most of Bay's peers.... ...Short-term questions are nagging Bay. While CEO Dave House, an Intel (INTC:Nasdaq) alumnus, has orchestrated a turnaround in the last year and a half, he has been circumspect about prospects for Bay's fiscal third quarter ending March 31. Sales of Bay's new Accelar and BayStack products might not pick up the slack for older units in time to meet earnings estimates for this quarter. Analysts expect the company will earn 28 cents a share in the period. Those fears were heightened after CFO David Rynne, speaking at a Goldman Sachs gathering Wednesday, said the company was "hoping for a back-end loaded quarter," according to analyst Jon Sederquist at Phoenix Investments. Sederquist figures Bay might be stretched to meet sales goals in the March quarter. Sederquist's firm hasn't owned shares of Bay recently. A Bay spokesman declined comment. But a trader says the talk turned negative on Bay on Friday. "People are worried about this quarter" because some corporate customers might delay network purchases until next quarter, said the trader, who asked not to be named. Rumors also circulated Friday that Bay would issue a profit warning, although it seems unlikely that the company would warn so early in its busiest month....