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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: StockMan who wrote (16753)	9/3/1998 1:24:00 AM
From: Ed Robichaud	Read Replies (1) \| Respond to of 77400

Still waiting.................

To: StockMan who wrote (16753)	9/3/1998 11:54:00 AM
From: Doughboy	Read Replies (1) \| Respond to of 77400

Stockman, Nortel CEO opens mouth, inserts foot: Chief Executive John A. Roth told the Bloomberg Forum that the company was able to trim $1.7 billion off its purchase of Bay Networks Inc. (BAY) because of the stock market slide This has got to be one of the stupidest comments I have ever heard. According to Roth, Nortel saved 1.7 billion dollars on their purchase of Bay because Nortel lost about 10% in market cap on the date the deal closed. Doesn't he realize that that a 10:6 exchange ratio remains the same regardless of what the value of the underlying stock is? It's like saying "I'll save 20% on my taxes this year because my salary was slashed by 20%. Yay!" Bay is really in good hands <VBG>. Doughboy.