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

To: Paul Fine who wrote (4752)	3/17/1998 5:41:00 PM
From: Jay Lowe	Respond to of 6980

<< The lesson with Bay is apparently it is never too late to sell, and it is usually too early to buy >> Thanks for reminding me of that ... nicely put. Had my finger on the trigger at 24 ... maybe i'll take a deep breath and relax ... I'd rather not join the ranks of those Bay-ing at the moon. Tomorrow and tomorrow and tomorrow, creeps in it's petty pace from bay to bay

To: Paul Fine who wrote (4752)	3/17/1998 5:56:00 PM
From: Bosco	Respond to of 6980

Dear Paul - knowing you are a long timer, I feel for you. I think hypes go both ways. While the longs cannot behave exuberantly. I would be careful of people suddenly appearing on this thread and hype with excessive negativity. I mean, even the mighty INTL missed last Q. And if memory serves, actually CSCO missed little also but got swap under the rug. My point is that there are habitual underachievers and there are smart enough people who may stumble now and then. Well, I think the old BAY mgt has made one mistake too many and I think jury is still out for the new mgt. Emotion aside, if indeed this Q is indeed the worst for BAY but it can still rack in 15 to 20c, and let say she is on target for the new Oppie's estimate, we are at the very low end of the industry forward p/e ~24. rgds Bosco