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

To: Pravin Kamdar who wrote (6241)	6/4/1998 9:26:00 PM
From: Anthony Wong	Respond to of 6980

Bloomberg: Bay Networks Shares Rise Amid Renewed Optimism on Takeover Bid Bloomberg News June 4, 1998, 1:37 p.m. PT Bay Networks Shares Rise Amid Renewed Optimism on Takeover Bid Santa Clara, California, June 4 (Bloomberg) -- Bay Networks Inc. shares rose 11 percent amid renewed speculation that the struggling computer-networking company will be a takeover target of a telephone-equipment maker like Northern Telecom Ltd. Bay rose 3 to 30 15/16 in trading of 10.6 million shares, making it the fourth-most active stock in U.S. markets. Options to buy Bay's stock at $30 a share in June were the most actively traded options, as 11,439 changed hands. Optimism that Bay will be acquired was boosted this week by two large mergers in the telecom industry. Yesterday phone- equipment maker Tellabs Inc. bought Ciena Corp. for $6.86 billion, and European firm Alcatel Alsthom SA bought DSC Communications Corp. for $4.4 billion today. Those acquisitions may be followed by others of similar size, as phone-equipment makers seek to broaden their product lines. ''The merger ball is rolling, and everyone wants to play,'' said Craig Johnson, an analyst with the PITA Group in Portland, Oregon. Northern Telecom and rivals like Alcatel and Lucent Technologies Inc. are looking to buy data-networking companies like Bay to take advantage of booming Internet traffic. Bay and Northern officials couldn't be reached to comment. Last month analysts said Santa Clara, California-based Bay turned down an offer from Northern because it was too low. Other analysts have said a price of $32 to $35 per share would be comparable to similar mergers in the computer-networking industry. Northern Telecom, based in Brampton, Ontario, fell 1/2 to 62 1/16. --John Shinal in the San Francisco newsroom (415) 912-2995/jac

To: Pravin Kamdar who wrote (6241)	6/4/1998 10:01:00 PM
From: Beachbumm	Read Replies (2) \| Respond to of 6980

Well, they are fighting over Rolls Royce, so why not us? However, if the two mgnts agree to a deal you can bet it will have severe termination penalties. Just because we get to "vote" on a merger doesn't mean we really have a "say" in it. Beachbumm