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

To: rupert1 who wrote (5362)	4/16/1998 11:07:00 PM
From: Roads End	Respond to of 6980

Thanks Victor and Paul for the CC coverage. I hope others will summarize their interpretations as well. How long is the call? I might find the time to listen to it early tomorrow morning. Steve

To: rupert1 who wrote (5362)	4/16/1998 11:36:00 PM
From: Mang Cheng	Respond to of 6980

Victor, I finished the cc though I have no position on BAY. This is exactely a replay of coms' earning last month. Street expected 12 cents for both coms and bay and they both came up with 4 cents !! (I said before coms and bay should merged to fight Cisco and nobody listened :-) All of the bad news were already discounted by the drop from $34 to $24 during the last two months. Tomorrow BAY could be marked down $1 by the MM but should stay in the $22-$24 level for a week or so. I doubt very much it will break thro' $22 since that's the resistance level set up in last December and it should be very strong. Unless further bad news came out, it should not break-thro' $22. Shorts will start covering tomorrow. It will be a trader stock till next earning. It will go up $5 by early next month - but don't expect any breakouts. Then down $3-4 before option expirary. Then up and down up and down. Strategy : buy when it hits $22, sell $26-27. Buy again $24. Sell again $26-27 ... etc. Believe it or not, it's pure speculation on my part. Mang

To: rupert1 who wrote (5362)	4/16/1998 11:40:00 PM
From: Filippo Zucchi	Respond to of 6980

I also listened to entire conference call and share the same views expressed earlier w/ the following additions: (1) for the next 2-3 qtrs. BAY's life hangs on Accelar, and by all comments and figures released re Accelar the product so far is going gangbuster. (2) On an operating basis the stock price should hardly be above $20, but, as has been the case for many companies whose stock has already taken a hit, on an asset basis BAY is now beginning to look cheap, especially considering that they have nearly $5 per share in cash. Although my wallet wishes otherwise, I think BAY stocks belongs in the $20-25 range until the 4th qtr. comes in on line with revised estimates and we can get some better defined revenue growth guidance going forward. Selling some covered calls for a couple of months might make us some money. Good luck.