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

To: RFF who wrote (4891)	3/19/1998 11:39:00 AM
From: rupert1	Read Replies (1) \| Respond to of 6980

RFF: I never bought Mang Cheng's analysis that yesterday was a classic "short covering" - the WBendus posting a few days ago and the discussion then showed that of all the networkers BAY had the lowest percentage of outstanding shares borrowed by shorts. I think Mang would like it to go to $24 or below so that he can get in at the price he sold it more than a year ago: I'm not saying he won't get it, anything can happen, but rational analysis of known facts, would have BAY repairing the damage of the last two weeks inching towards a more stable valuation probably in the 27-30 range; and at some point, probably after earnings, moving in fits and starts towards $40. How much of yesterday and todays rally was caused by analysts comments especially the important upgrade from DLJ, who, love em or hate em, was more right than most about BAY's ramp up problems. If the rally is mostly motivated by upgrades, the normal reaction would be a modest correction after a couple of days. Victor

To: RFF who wrote (4891)	3/19/1998 12:01:00 PM
From: B.K. Ohneis	Read Replies (2) \| Respond to of 6980

<<I was looking at First Albany's earnings revisions>> who is first albany? i thought investment bankers are all in the big apple. so they also have one up there in albany? i guess i would believe in DLJ. they are good. i guess BAY is rising nicely because the outlook is clearer. someone said on the thread before that he could not bear the silence. that i believe was the general feeling. now that everything is out there in the open, investors know it when they see it. but i do agree that the product names are a big feminine, not that i don't like women. accelar, wow, could we suggest to House that he change it to ACCEL GEAR and retrofit it as Layer 4 product? that would be nice! i think they like the word retrofit. tell it to CSCO. have fun.