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

To: Daniel Liberty who wrote (5724)	5/11/1998 1:50:00 PM
From: Bosco	Respond to of 6980

g'day all - dear Dan, the only problem is that these rumors have beebs swirling around for months, if not for years. Just b/c the journalists, amateur or otherwise, want something to happen will make it actually happen. Worse, remember the fable about the little boy who cried wolves one time too often? rgds Bosco [who doesn't mind M&A, but doesn't expect it either.]

To: Daniel Liberty who wrote (5724)	5/11/1998 2:17:00 PM
From: ricky	Read Replies (2) \| Respond to of 6980

<It is hard to understand why all the rumors don't move the price> Dan, The rumors are providing price support for BAY. BAY would be even lower is there were not rumors of a takeover by LU. If LU decides to buy another networking company we will see the high teens in a hurry. Ricky

To: Daniel Liberty who wrote (5724)	5/11/1998 5:32:00 PM
From: Pravin Kamdar	Read Replies (3) \| Respond to of 6980

If you look at the charts, I think the smart money expects the merger to be with Ascend; not Bay. Since Bay management has a track record of leaking inside information to their market maker cohorts, the lack of stock action indicates that there is nothing about to be announced. Personally, I hope there is not an LU buyout just yet. I think Bay is on track to be back to $40 by this fall, when LU will have to pay $70. Besides, since LU can't afford 12 to 15 billion in cash for Bay right now, they will have to wait until this fall when they can use a stack swap. If there is news concerning LU and BAY, it will probably be about a collaboration that will setup a merger this fall. Pravin.