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

To: Anthony Wong who wrote (6508)	6/15/1998 12:17:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 6980

Nortel Buy Of Bay Seen As First In Consolidation Wave June 15, 1998 11:29 AM By Joelle Tessler NEW YORK (Dow Jones)--Northern Telecom Ltd.'s (NT) planned acquisition of Bay Networks Inc. (BAY) kicks off what is expected to be a major wave of consolidation among telecommunications-equipment makers and data-networking companies as the lines between voice and data communication blur. The two industries are likely to converge in the years ahead through mergers, analysts believe, as the big voice equipment makers eye the faster-growing computer networking industry and as they try to protect their core businesses as more and more voice traffic travels over data networks. "Clearly the thrust is to focus on developing the future public network equipment," said Hambrecht & Quist Inc. analyst Erik Suppiger. "The future network will be a data network with voice and data going over the same public network." Northern Telecom earlier said it has agreed to acquire Bay Networks for about $9.1 billion. Under the terms of the deal, Bay Networks stockholders will receive 0.6 of a Northern Telecom common share for each Bay Networks share. Based on Nortel's closing stock price of 63 11/16 on Friday, this would value Bay Networks at $38.21 a share. Nortel's NYSE-listed shares were recently down 7 11/16, or 12.1%, at 56 on volume of 3.3 million, compared with an average daily volume of 806,600. Bay Networks' NYSE-listed shares were above their Friday close of 28 5/16, but well below $38 a share. The stock was recently up 3 7/16, or 12.1%, at 31 3/4 on volume of 8.3 million, compared with an average daily volume of 5.3 million.

To: Anthony Wong who wrote (6508)	6/15/1998 2:07:00 PM
From: Jason Zhang	Read Replies (2) \| Respond to of 6980

Is there any reason why ASND wasn't mentioned as an alternative of BAY for LU?

To: Anthony Wong who wrote (6508)	6/15/1998 2:41:00 PM
From: StockMan	Read Replies (3) \| Respond to of 6980

Re -- Dave House, chairman, chief executive officer and president of Bay Networks, will become president of Nortel.. The reason why Bay was sold off so low. Mr House is a demonstrated LIAR. Good luck to the Bay folks who are working there and now at Nortel. Even though Mr house will tell you all its a good deal and how you all have a chance to participate in the telecom "revolution", in the end Mr House is nothing but a LOSER. He was a LOSER at Intel (Craig Barrett would have shunted his b*tt someplace unimportant), was a LOSER at Bay, and will be a LOSER at Nortel. Stockman