Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: W.F.Rakecky who wrote (15797)	6/2/1998 2:03:00 PM
From: Moonray	Respond to of 22053

Bay Networks to Buy Netwave Technologies for $10 Million Santa Clara, California, June 2 (Bloomberg) -- Bay Networks Inc. agreed to buy closely held Netwave Technologies Inc. for $10 million to acquire wireless technology that lets workers connect to corporate computer networks without phone lines. Netwave makes products that plug into personal computers and, using wireless transmissions similar to that in cordless phones, connect them to so-called local area networks, or LANs. Bay, the No. 2 maker of networking equipment, didn't specify whether it would use cash or stock to pay for the purchase. Like larger rivals Cisco Systems Inc. and 3Com Corp., Bay Networks is looking to expand its product line to offer corporate customers equipment for all parts of their networks. The adoption of a worldwide standard for wireless LAN technology and advances in making wireless transmissions private and secure ''make wireless a legitimate and attractive (networking) option for corporations,'' Bay Chief Executive Dave House said in a statement. Bay had revenue of $547.2 million for the quarter ended in March. Shares rose 7/8 to 27 3/8 in midday trading. Bay officials couldn't be reached for comment. o~~~ O