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


To: blankmind who wrote (5832)5/14/1998 4:25:00 AM
From: JDN  Read Replies (2) | Respond to of 6980
 
Dear Blankmind: My broker tells me (I didnt ask where the info came from) that Nortel offered $28 and House said he wouldnt consider such a low ball bid. I have read several analyst reports indicating that Bay should go for around $35 based upon , Pristine Balance Sheet, 4x's Revenue (Cisco is 10), and the only real alternative to Cisco. Dont argue with me as I dont know the answer, but my personal feeling is that anything much below $35 is too cheap. JDN