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

To: Paul Fine who wrote (6544)	6/15/1998 5:48:00 PM
From: Doug	Respond to of 6980

Paul: Thx for posting your analysis. My risk/reward as posted earlier was +4/-4 with a low probability on risk. I observe your reward figures are marginally higher. What is your risk assessment showing.?

To: Paul Fine who wrote (6544)	6/15/1998 5:53:00 PM
From: StockMan	Read Replies (2) \| Respond to of 6980

Paul, Re -- Nortel will probably make a less volatile core tech holding going forward(IMO). You never give up do you. NT is getting beat by LU in the market place. Bay's earnings are irrelevant on the positive side, but relevant on the downside. NT's earnings are what will concern the street. The enterprise war is really over, and most of Bay's products are still for the enterprise. I agree that the stock will likely go up a few points in an up market. Stockman

To: Paul Fine who wrote (6544)	6/15/1998 8:21:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 6980

Market Doesn't Appreciate Bay Ntwk Deal, Nortel Chief Says June 15, 1998 5:23 PM NEW YORK (Dow Jones)--The acquisition of Bay Networks Inc. (BAY) will help Northern Telecom Ltd. (NT) expand its reach into the data networking market, according to Nortel Chief Executive John Roth. In a joint appearance on CNBC Monday with Bay Networks Chief Executive David House, Roth said the changing networking market provides a ripe arena for Nortel's future plans. Market players, though, gave Nortel's plan to acquire Bay Networks a lukewarm reception, sending Nortel shares down sharply. Roth suggested the market may not fully appreciate the manner in which the Bay Networks deal will help Nortel expand in this area. For his part, House tried to dispel speculation that the market's reaction to the deal might be rooted in fears that Bay Networks will not meet earnings estimates. While noting the company is in a quiet period, House said before the period began he had expressed confidence in Wall Street's expectations. -Nancy Beiles; 201-938-5393

To: Paul Fine who wrote (6544)	6/16/1998 4:05:00 AM
From: GR	Respond to of 6980

you are 100% correct.

To: Paul Fine who wrote (6544)	6/16/1998 5:58:00 AM
From: Bosco	Read Replies (1) \| Respond to of 6980

Dear Paul - thx for the relay of the CNBC interview. NBR of PBS also did a short take [a bit too short] with Messrs House and Roth. Mostly similar statements except Ms Susie Gharin tried to suggest to them that BAY has performed subpar in 5 of the past 9 Qs. House corrected her by saying BAY only stumbled in the previous Q after exceeding expectations of 3 Qs. I guess WS still wants to pin S/WF merger problems on House, whether he deserves it or not! Anyway, IMHO, some of the extreme negative sentiments found in this thread may indeed reflect that of WS. The only surprising thing is that some of them came from what I would consider used to be BAY bulls. Maybe they felt betrayed b/c they didn't get their target price - someone seemed to have thrown around #s like 60. Personally, such extreme negativity is a good thing - maybe even a buy signal <G> Best, Bosco