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

To: jethro who wrote (4890)	3/19/1998 10:46:00 AM
From: RFF	Read Replies (2) \| Respond to of 6980

BAY is getting some follow through on yesterday's strong move. Looks like it could be more than a short covering rally. As you all know, I personally think it should be.... I was looking at First Albany's earnings revisions: Cut 1998 earnings estimate to $0.76 per share from $1.10 per share on a preliminary basis, and reduced 1999 estimate to $1.14. This implies that they think BAY will make $.20 in the 4th qtr given a $.10 3rd qtr. This is $.07 less than the 2cnd qtr which they hope to beat - so I guess First Albany is thinking the 4th will be a big disappointment also....or maybe they forgot had to run a spreadsheet...