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

To: R.S. Blum who wrote (6451)6/15/1998 9:10:00 AM
From: jas cooper  Read Replies (1) | Respond to of 6980
 
Selling for less than the 52 week high makes me believe that House did us a favor.

Anyone complaining? Except for general market weakness, I can't think of many reasons that Nortel won't make a good long term holding. Without this, they may never have reached $38 on fundamentals.

"Nortel sees deal as dilutive in 98 and accretive in 99"



To: R.S. Blum who wrote (6451)6/15/1998 9:13:00 AM
From: RFF  Read Replies (3) | Respond to of 6980
 
$38 sucks. House couldn't even get the 52 week high. We were above $38 within the last 3-4 months. I think this deal is pretty weak, but I guess if he's running the company into the ground, he'll get out with his big options package.

I hope this spurs the other suitors who may have wanted BAY to step in and offer something more acceptable....


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