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

To: Bottomfisher who wrote (6130)	5/29/1998 1:23:00 PM
From: James Petersen	Read Replies (1) \| Respond to of 6980

Shook out a few shares with that little move. This is going to get interesting. They're still buying the calls.

To: Bottomfisher who wrote (6130)	5/29/1998 3:26:00 PM
From: Peppe	Read Replies (1) \| Respond to of 6980

Bottomfisher, <And the talk about missing the quarter falls in line with CSCO's Chambers' comments today in which he lowered growth expectations due to Asian orders falling off a cliff. > Please post where you read that CSCO lowered Q4 projections, Cheers, Peppe

To: Bottomfisher who wrote (6130)	5/29/1998 4:28:00 PM
From: GAP	Respond to of 6980

The Bay move to consolidate product development for both groups under one person (Lloyd Carney) has more to do with his exceptional abilities AND a desire of the organization to maximize returns from the product development effort (rather than having two teams duplicating efforts) than having anything to do with a merger. That being said, two questions: How does ASCEND rate a higher market cap than Bay ? What will Cisco do for a layer 3 switch ? Bay believes that layer 3 switching is a significant part of the future and that traditional routers are less so - consequently the results DellOro published are hardly a surprise in the router space. Of greater interest is that the Bay product offers 10 times the throughput of the Cisco product and the market is switching to layer 3 switching. I don't think the Asian flu is the only problem Chambers is going to have to deal with ...

To: Bottomfisher who wrote (6130)	5/29/1998 6:21:00 PM
From: Nevin S.	Read Replies (1) \| Respond to of 6980

B.F., in some instances companies restructure prior to a merger to make themselves more attractive. By combining sales forces BAY may be signaling to prospective suitors that it can operate more efficiently and possibly as a single division within a larger entity. Alternatively, if they are in negotiations with NT, NT may want BAY to do some restructuring in advance to make the merger look more accretive to their earnings. If the financial community perceives the merger to be bad for the acquiring company, its market value may suffer. A repositioning in advance of any impending announcement may mitigate this to some degree.