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

To: jas cooper who wrote (5785)	5/13/1998 11:34:00 AM
From: Bosco	Respond to of 6980

Dear Jas - from the PRs I ve seen, it seems to be the case. Having said that, in line of your questioning, an offer made and rejected is finished. I think people are more intrigued by the alleged comment that BAY mgt will reconsider the offer [from NT or others] if there is a higher bid. Similar thing happened to ASND 2 months ago. Regarding Fidelity selling, no problem if she has participated in the option play last week. Remember we are heading into expiry this week. If she has already locked in with the cheap shares comes Fri, she can lighten up to maintain the total %age of ownership [if the selling is done by her mutual fund accounts] rgds Bosco

To: jas cooper who wrote (5785)	5/13/1998 11:39:00 AM
From: TOM KARIS	Read Replies (2) \| Respond to of 6980

bay could be bought out at $40 per share. this values the transaction at $9b. Which is 3.8 times sales. This should be no problem for a company with a strong stock such as LU or nortel. asnd merged cascade for $3.7B - 9.7 price to sales coms merged us robotx for $8.5B - 3.86 price to sales why not ??? merged bay for $9.1b - 3.82 price to sales ($40 share) Low $30's (Not in anyones wildest dreams would bay be sold for.) good luck ps. Could LUCENT announce a buyout using stock now and do the transaction in october or do laws not permit them even announcing a deal. HOW ABOUT YOU SEC LAWYERS OUT THERE. WHAT DO YOU SAY.