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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Peppe who wrote (12997)	3/20/1998 1:55:00 AM
From: Kent Rattey	Read Replies (2) \| Respond to of 77400

It's all your fault! Bay Chief Blames Gigabit's Slow Growth On Cisco (03/18/98; 3:19 p.m. EST) By Ken Presti, Computer Reseller News The CEO of Bay Networks accused rival Cisco of waging a campaign of "FUD," fear, uncertainty, and doubt, against high-speed Gigabit Ethernet technology. Bay CEO David House pointed to Cisco's apparent difficulties in bringing competitive gigabit products to the marketplace as the primary reason for attempting to slow the market, which was cited as one of several contributing factors to Bay's announcement that it will post results below expectations for its third fiscal quarter. That news sent Bay shares down 10 percent Tuesday. "From the beginning of the quarter, Cisco has been saying the gigabit specs aren't standards yet," House told financial analysts in a conference call. " 'When you need it, we will have it. You don't need it yet. Just wait with us and continue to buy our existing stuff.' " He added,"Then, when we got into the quarter and the pressure mounted, we saw them announce a gigabit interface on their existing products which, of course, are not gigabit-ready and don't have the fabric and switching capacity to handle that kind of traffic. "Then as things proceeded, they preannounced a gigabit switch, which, from the data we can gather, seems to be a defeatured version of their 12000 [GSR] high-end router product we think will be putting a square peg in a round hole. We'll have to see," House said. "Maybe they'll pull a rabbit out of the hat. But certainly, Cisco is an excellent marketing company and they do an excellent job of the old IBM FUD sales technique." House said seasonal slowness, combined with industry uncertainty regarding Gigabit Ethernet, 56-kilobit-per-second modems, switching vs. shared media, and routing vs. route switching, brought about a shortfall that could have been avoided with an additional two weeks of selling. House said he predicted that the seasonably strong June sales quarter plus full ramp of Bay's Accelar routing switches and its forthcoming extranet access switch will let the company bounce back strong in the fourth fiscal quarter. "What we can do by moving routing from software into hardware, whichis basically what you do with a routing switch, we can offer a good order of magnitude performance improvement," said House, referring to his line of Accelar Layer 3 routing switches now shipping. "When you put this in a customer's backbone and they see the thing actually work, this is going to turn some heads. This is not a small change, and we're winning some significant, large Cisco accounts with this product." Bay, based in Santa Clara, Calif., is seeding the Accelar market with demonstration units which began field deployment earlier this month. Kent

To: Peppe who wrote (12997)	3/20/1998 2:14:00 PM
From: Tunica Albuginea	Respond to of 77400

Peppe,you are right : NN did not loose any contract biz.yahoo.com Thursday March 19, 10:01 pm Eastern Time Newbridge shares down TORONTO, March 19 (Reuters) - Newbridge Networks Corp (NN - news) shares fell by the end of trading on Thursday. The stock shed 2 to 38.85 by the close. Newbridge said the fall was due to misunderstood information relating to the awarding of a contract by Deutsche Telekom AG (NYSE:DT - news; DTEG.F). ''The reseller agreement announced today by FORE Systems with Deutsche Telekom AG is separate and distinct from any business being bid by Newbridge Networks with Deutsche Telekom,'' company spokesman Paul Goyette said in a statement. ''Newbridge Networks is a leading vendor of asynchronous transfer mode solutions for carrier networks. Deutsche Telekom has yet to announce a vendor for its global, broadband network architecture.'' ******************************************************* As I retrace the events, this is what happened: FIRST this is the FORE announcement in REUTERS on Thursday AM, of a RESELLER agreement with DT [( DT is not using FORE for their backbone; that contract has not gone out. NN are the most likely to get it since NN is with Siemens and Siemens is the General Electric of Germany;been around 150 years. There is no way the Germans are not going to give their phone business to their local guys; furthermore DT has already been using NN ATMs for past 3 years [ together with France Telecom ); BT has already given NN all their contract; Terrence Matthews NN CEO is from Whales UK BTW; NN CFO Sommerer is Austrian ;with the European Union coming on, they will keep it all local;all IMHO )] :Again, this is a reseller agreement, NOT a new contract: www3.techstocks.com SECOND Duncan Stewart, portfolio manager at Tera Capital. and Richard Woo, an analyst with Thomson Kernaghan & Co. immediately tried to do a hatchet job: www3.techstocks.com The reason I am assuming it's a hatchet job is because they failed to check their story out either with DT or FORE or NN ( as per NN later cleared the issue ). I assume the reason for the hatchet job was to hopefully get NN shares down to buy them back or anew? If it's not a hatchet job they they are complete idiots, and can't distinguish the difference between a contact to resell FORE's equipment ( as DT has with NT )and a contract for DT to buy and install in Germany ATM switches for their phones backbone.If it is a I assume hoping to get NN shares down ( to buy them back at lower prices? My conjecture ): THIRD Later in the day on Thursday, after the close, Yahoo realized this and immediately withdrew the false news biz.yahoo.com And FINALLY late Thursday evening, NN issued the true state of events in Yahoo: biz.yahoo.com What we have here again is either two complete idiots or a skilled attempt at stock manipulation through misinformation distribution. I don't know where these two jerks are located but if in Canada this reminds me of the Bre-X manipulation days out in the wild west prairie provinces or it could be in the Bronx, gg. Anyway, it does no t appear that they achieved their desired effect because there has been very little volume/selling today and NN has held pretty good at ~27.%. It looks like NN longs ( Pat Mudge and Company, GG, [ I guess that includes me ] are sitting tight of their shares. I think what helps in that is visions of NN price increase when DT awards them their contract, right? < GG >. TA P.S. It'd be nice to know in what rat hole Tera Capital andThomson Kernaghan are located; any body volunteering to find out?