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

To: rupert1 who wrote (4815)	3/18/1998 7:01:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 6980

Mar 18, 1998 (6:17 PM ET) - The Motley Fool Evening News Networking products firm Bay Networks (NYSE:BAY - news) advanced $2 1/2 to $26 1/2 despite announcing late yesterday that it expects third quarter earnings to fall below expectations due to weaker-than-anticipated customer demand during its seasonally slow sales period. The company expects third quarter revenue to be down about 10% from second quarter sales of $645 million and gross margins to decline to about 49.5%. Using this guidance, EPS for the quarter is expected to come in around $0.12 (excluding a charge for writing off in-process R&D). The announcement was somewhat tempered by a book-to-bill well above one and favorable performance test results for some of its products. Some investors are betting that the worst is over and that a new line of high-speed switches will help boost Bay Networks' fourth quarter profits. fnews.yahoo.com Mang