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

To: Paul Fine who wrote (6612)	6/17/1998 1:02:00 AM
From: Neil H	Respond to of 6980

Paul Although I would love to see an immediate high price on this merger, it is my belief that "investors" will do fine. NT share appreciation has been good the last few years-Look at the chart. The future for the industry is good. House responsibility is to shareholders and I think he has done well (at least for me) and I believe my converted shares will continue to appreciate at a much higher rate than they would have as Bay. I plan on selling for a price over 38 within a year. I am encouraged by the morale of the Bay employees such as Cruiser and have appreciated their insights. Their efforts will assist in my share price targets. Regards Neil

To: Paul Fine who wrote (6612)	6/17/1998 1:10:00 AM
From: StockMan	Respond to of 6980

Paul, Re -- How could House et al fulfill their fidicuary responsibilities by turning down an offer that was within 10% of the 52 week high, Wonder if House et al would have accepted the offer, if he was not offered the presidents job ( we will never know this will we). Actually he may have failed his fudiciary duty, by not courting other suitors. Furthermore, most companies (DEC) sell out after establishing a couple of good Q's, if Bay had a good Q, then the price of 38 may have stuck. Its also unclear, if Bay broken up would not have ended up being worth more. I think the whole deal stinks, was done arbitrarily without careful consideration and working out the details before communicating it to the street. I suspect that House's tenure at NT will be limited. THIS SAYS A LOT OF WHAT THE FUTURE WILL HOLD FOR NT. I for one wont hang around. The market valued it for what it is a bunch of promises with no clue on what to expect. Stockman

To: Paul Fine who wrote (6612)	6/17/1998 1:20:00 AM
From: StockMan	Respond to of 6980

One other thing, NT also had no choice, they have to "transition" themselves into a fast moving company if they are to be a player with LU. Thus Bay could have commanded a higher price. Stockman