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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (15390)	5/13/1998 1:40:00 PM
From: W.F.Rakecky	Read Replies (1) \| Respond to of 22053

Why price drop???? Perhaps COMS is looking/buying somebody....or is it just manipulation to get the closing price down to 30 for Fridays option expiration??

To: DMaA who wrote (15390)	5/13/1998 2:38:00 PM
From: Moonray	Respond to of 22053

Bay Networks shares soar Bloomberg News 5/13/98- Updated 02:15 PM ET SANTA CLARA, Calif. - Bay Networks shares surged Wednesday after the company told analysts it rejected an acquisition offer from Northern Telecom as too low but would consider higher bids. Bay Networks shares were up $3.62 1/2, or 13%, at $27.62 1/2 in afternoon trading. Nortel stock fell $1.68 3/4 to $63.12 1/2.. ''It's no longer a question of whether they (Bay) are for sale, it's now a disagreement over price,'' said Kevin Fong, a partner with the venture capital firm Mayfield Fund. Fong said he spoke to Bay executives about the offer. Chief Executive David House told Wall Street analysts at a meeting last week that the computer-networking equipment company would let shareholders decide whether to sell, said two analysts who attended the meeting, who asked not to be identified. Spokesmen for both Bay and Northern Telecom declined to comment on any possible acquisition offers. For Nortel, the purchase of a data-networking company like Bay ''is not out of the realm of possibilities,'' said Peter Nicholson, executive vice president of corporate strategy for Nortel's parent, BCE of Montreal. Northern Telecom and Lucent Technologies, the two biggest makers of telecommunications equipment, are acquiring networking companies to expand their share of the fast-growing Internet market. Lucent bought Yurie Systems for $1 billion in April and Nortel purchased Aptis Communications for $290 million in March. Bay's profit and sales in the third quarter ended in March fell from the second quarter's, in the face of competition from larger rivals Cisco Systems and 3Com. House could be willing to team Bay with a bigger company that doesn't yet sell computer-networking equipment to large businesses, analysts said. ''If there's an offer between $32 and $35 (a Bay share), the deal will happen,'' said Paul Johnson, an analyst with BancAmerica Robertson Stephens, who rates Bay ''buy.'' At $35 a share, the company would be valued at $7.77 billion, or just more than three times Bay's estimated revenue of $2.40 billion for the next four quarters. That price multiple is close to those of other large networking acquisitions, such as 3Com's 1997 purchase of US Robotics, said Chris Stix, a Cowen & Co. analyst who rates Bay ''buy.'' Bay would give Nortel a distribution system for networking equipment sold to large businesses, Stix said. ''It would be a good fit,'' Stix said. o~~~ O

To: DMaA who wrote (15390)	5/13/1998 2:52:00 PM
From: Moonray	Read Replies (1) \| Respond to of 22053

'Free' surfing tryout costs Texans $3,148 Posted at 10:54 a.m. PDT Wednesday, May 13, 1998 DENTON, Texas (AP) -- A North Texas family that surfed the Internet for three weeks, thinking it was a free ride, is now trying to stay afloat after getting a $3,148 telephone bill. Leo and Cathey Nooyen plunked down $1,600 this spring for a computer at Sears so their 17-year-old son could explore the World Wide Web. The Nooyens signed up for a free trial access program from Prodigy, an on-line service, and surfed the Internet until discovering what they consider a billing mistake in April. ''Your teeth drop out on the floor,'' Leo Nooyen told the Denton Record-Chronicle after getting the bill, more than 130 times as large as their usual $24 monthly payment. ''And then you say, 'What the heck?' '' The Nooyens say they set up their new computer to connect with the Internet via a local, seven-digit number. But the telephone bill shows that the computer was connecting to a telephone number in Chino, Calif. Officials at GTE, the local phone company, and long-distance provider AT&T said it is possible for a local call to become long-distance by being forwarded to another area code. But they doubt that happened in the Nooyens' case because the calls were dialed directly. The companies say the family or Prodigy must pay. Dan Levine, manager of marketing communications for Prodigy in White Plains, N.Y., said the Nooyens picked the wrong hookup number when they set up their computer and must pay the phone charges. The Nooyens, who live in a well-maintained, double-wide mobile home, said they aren't poor but can't afford the bill. ''The phone bill is not something the family can write a check for right now,'' Mrs. Nooyen said. I don't know about these Texans! I suppose the ones that are around Houston are OK.<g> o~~~ O