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To: Lerxst who wrote (6328)7/28/1997 7:21:00 PM
From: Thomas George Warner
   of 45548
 
Lerxst if all of the BAY employees are as loyal as you are maybe they do have a chance. It has always amazed me what many supercharged employees can do.

Remember the proof is in the pudding. Only time will tell if you are right.

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To: Praveen K. Mandal who wrote (6338)7/28/1997 8:09:00 PM
From: Duncan Lestina
   of 45548
 
Budget agreement reached- look a BULL tomorrow.

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To: Chuck Williams who wrote (6334)7/28/1997 9:13:00 PM
From: john dodson
   of 45548
 
All,

Hey, if you're like me I've been wondering what the hold up is
with COMS breaking out over 60. Well, just for grins I thought
I'd ask my broker at Olde (who usually either has no idea what's
going on or is completely wrong). Anyway, this guy tells me that
Olde's analysts are very high on the stock, but just think that it
will take until next qtr's earnings are shown to be good to really launch the stock. He said that their anal-ysts think it's going back
north of $75, but they have to show the earnings 1st. So, until then
it may drift a little higher, but won't make signifcant penetration.
I thought it was an interesting enough answer to post.

BTW, it isn't a good sign that COMS is actually down today, and even
NOVELL is up 10%! Now that's a sign of weakness!

Good Trading All,

John Dodson

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To: john dodson who wrote (6341)7/28/1997 9:46:00 PM
From: Jerry Ginz
   of 45548
 
>>Olde's analysts are very high on the stock<<
So, OLDE likes COMS. Ouch, that just turned me bearish on COMS. Olde's analysts are very high, but it isn't on stock.

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To: Duncan Lestina who wrote (6340)7/29/1997 1:04:00 AM
From: Tim
   of 45548
 
GOP, White House Say Budget Deal a Done Deal

In this story:

Child tax credit is assured
Both sides drew blood in deal
GOP claims capital gains victory

WASHINGTON (AllPolitics, July 28)
-- After months of wrangling,
Congressional Republicans Monday
night announced a long-awaited deal
with the White House on balancing the
budget by 2002 and cutting taxes.

"We have reached tentative agreement
with the administration on the balanced
budget ... and tax cut package," Senate Majority Leader Trent Lott
(R.-Miss.) told a hurriedly assembled news conference.

In Las Vegas, a White House spokesman said President Clinton was
happy with the deal, which set aside contentious issues including Medicare
and welfare.

"The president was pleased with the information and was looking forward
to a full briefing in the morning," White House spokesman Joe Lockhart
told reporters in Las Vegas, where Clinton was wrapping up a three-day
trip to the Western United States.

At a news conference Monday night, House
Speaker Newt Gingrich (R-Ga.) hailed the deal as
"a launching point" for future government and tax
reform. He said Republicans this week will submit to
Congress two pieces of legislation to formalize the
agreement.

First would come a bill to balance the budget, and later in the week,
legislation to cut taxes, the first such measure at the federal level in 16
years, Gingrich said.

During the press conference Republicans were eager to stress their belief
that the agreement stemmed from their broad-based platform of change,
launched in 1994, known as the "Contract for America."

"This represents the dawn of a new era," Rep.
John R. Kasich (R-Ohio) said. "The Berlin wall
of big government is falling. It's a huge step in
transferring power from government to the
people."

Child tax credit is assured

Many disputes were resolved with an everyone-wins approach.
Underlining this, the five-year, $85 billion net price tag for tax cuts set by
the May balanced-budget agreement seemed likely to grow by about $6
billion.

As it emerged, the accord put leaders of both parties in position to claim
credit for the broadest tax cut since 1981 and, if achieved, the first federal
surplus since 1969.

"This is an historic opportunity. It can be the achievement of a generation,"
Clinton had told the nation's governors at a Las Vegas convention earlier
Monday.

But not all Democrats were pleased. Rep. David Obey of Wisconsin,
ranking Democrat on the House Appropriations Committee, bolted from a
meeting members of his party had with White House officials, saying "I've
heard all I want to hear."

Clinton said he was looking forward to a full briefing Tuesday morning and
asked aide Rahm Emanuel whether he'd gotten what he wanted for
education, a children's tax cut and the children's health package, Lockhart
said.

Both sides drew blood in deal

Even as both sides smelled victory, still they circled each other on some
issues. The GOP acceded to Clinton's demands for a $24 billion, five-year
effort to expand health-care coverage for many of the country's 10 million
uninsured children.

That amount was $8 billion beyond what many Republicans preferred, but
there was a catch. They were insisting that Clinton let states have leeway
in deciding which services would be provided, such as mental health and
dental coverage.

In addition, the GOP wanted welfare recipients taking subsidized jobs in
the public and nonprofit sectors to be exempted from minimum wage and
other worker protections. They argued that such requirements would
make it harder to find such slots and hurt state efforts to trim welfare rolls.
Clinton was resisting.

The continuing snags were clearly annoying GOP leaders, who were
within reach of two of their party's biggest legislative achievements in
years.

In a triumph claimed by both sides, there would be a $400-per-child tax
credit in 1998, increasing to $500 the next year, for the parents of children
age 16 and under. It would apply to many families who earn as little as
$18,000 and owe little or no income tax, a victory for Clinton.

But it would also go to single parents making as much as $75,000 and
couples making $110,000, which Republicans wanted.

The package was on track to include $35 billion or more in education tax
breaks, a key Clinton demand to which lawmakers added their own ideas.
Clinton said it would contain his treasured "Hope Scholarship" of $1,500
in tax credits for the first two years of college. Also included were special
savings incentives for education and other reductions.

GOP claims capital gains victory

After years of trying, Republicans finally won a reduction in capital-gains
tax rates, which are paid on profits from sales of land and other
investments. The top rate would go from 28 to 20 percent, middle-income
rates from 15 to 10 percent. For assets bought after 2001 and held at
least five years, the top rate would be 18 percent, the lower rate 8
percent.

In a break for most homeowners, there would be no capital gains tax on
home sales in which the profit was below $500,000 -- similar to a Clinton
proposal.

The GOP surrendered, however, in its effort to "index" capital gains for
inflation -- that is, to exempt from tax any increase due solely to inflation.
Clinton said that would dent future federal revenues too deeply.

Republicans were winning an increase in the estate-tax exemption from its
current $600,000 to $1 million over 10 years -- $1.3 million starting next
year for small businesses and family farms.

And a host of new Individual Retirement Accounts for spouses, students
and first-time home buyers were on the way.

To help pay for all this, bargainers were near agreement that the cigarette
tax would go up a dime in 2000 and another nickel in 2002.

Most of the approximately $140 billion in five-year savings came from
Medicare, whose growth would be trimmed by $115 billion, or about 12
percent. Most Medicare savings would come from reducing payments to
hospitals and other health-care providers, though the current $43.80
monthly premium for coverage of doctors' bills would grow slowly.

Dropped were three Senate-approved Medicare plans that drew fire from
House Republicans because they could anger elderly voters. These would
have boosted premiums for higher-income recipients, gradually increased
the eligibility age from 65 to 67, and charged $5 for each visit by home
health workers.

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To: Praveen K. Mandal who wrote (6338)7/29/1997 1:10:00 AM
From: Tim
   of 45548
 
I am not surprised. Specially when one hears people talking about NASDAQ exceeding 2,000, and the DOW exceeding 10,000.

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To: Thomas George Warner who wrote (6339)7/29/1997 1:51:00 AM
From: Lerxst
   of 45548
 
T.G.W.,

Thanks, I appreciate that. I've remained loyal to Bay over the years, but the kicker now is I believe in the senior management team again.

And, yep, only time will tell. I think the next 12-24 months are going to be awfully exciting times for the networking industry. As if the last 5-7 years haven't been already... ;-)

Regards,

Lerxst

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To: john dodson who wrote (6341)7/29/1997 8:00:00 AM
From: BILLYJEANNE
   of 45548
 
My olde broker told me to buy coms at 75, shva at 34 and redb at 25 no further comment

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To: BILLYJEANNE who wrote (6346)7/29/1997 9:36:00 AM
From: Steven Angelil
   of 45548
 
What's up with all the networkers getting hammered? Anyone have anything?

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To: Ronald A.Christopher who wrote (6310)7/29/1997 9:58:00 AM
From: Glenn D. Rudolph
   of 45548
 
Network Intensive To Launch x2 (tm) 56K-bps Technology; For Faster Download Speeds

Business Wire - July 29, 1997 08:05
NETWORK-INTENSIVE %CALIFORNIA %COMPUTERS %ELECTRONICS %COMED V%BW P%BW

IRVINE, Calif.--(BUSINESS WIRE)--July 29, 1997--Network Intensive, an affiliate of Verio Inc., the national Internet service provider for small and mid-sized business and institutional customers, Tuesday announced its deployment of 3Com x2 technology, to Network Intensive customers in the Los Angeles Basin.

Pioneered by U.S. Robotics, x2 Technology allows Network Intensive users to download information from the Internet or intranets significantly faster than V.34 modems over regular phone lines.

"Our goal is to continually provide leading technology to enable our customers to fully leverage the power of the Internet," stated Scott Muir, Network Intensive Chief Network Architect. "The breadth of applications Network Intensive customers use the Internet for, requires faster downloading speeds," added Muir. "By offering our professional and business customers x2 technology they can save valuable time receiving critical information."

Network Intensive selected 3Com for its effortless convergence process; flexible Total Control remote access platform; ability to provide reliable service; extensive technology expertise; and its flexibility to allow Network Intensive to upgrade to future standards for 56Kbps modems.

3Com will provide its U.S. Robotics modem customers free upgrades to the soon to be determined new 56Kbps standard to ensure their modems remain continually compatible with international standards.

"We're committed to making sure our modem and ISP customers will be able to take advantage of higher speeds now, and stay compatible with the standard later," said Larry Kraft, manager of product marketing, 3Com. "With our flexible DSP based design were ideally positioned to bring the best technology to customers, equally."

As a leading regional business access provider, Network Intensive brings 3Com a large professional customer base to expand the already strong base of x2 technology in California.

About Network Intensive

Network Intensive is dedicated to providing valuable and reliable turn-key Internet services and solutions as well as cost effective applications to small and mid-sized business. With headquarters in Irvine, Network Intensive offers its customers local presence and through its Verio affiliation, national strength. For more information about Network Intensive pricing and services, visit Network Intensive Web site at www.ni.net or call 800/273-5600.

The Network Intensive Vision

Network Intensive is committed to developing and providing quality Business Internet solutions. This commitment is demonstrated through its sophisticated and scaleable network architecture, which allows Network Intensive to readily adapt to technology advancements and customer growth while maintaining a high quality metric and innovative service offerings. Network Intensive commitment to quality is defined by its team of professionals dedicated to making each and every customers Internet experience successful.

About U.S. Robotics

U.S. Robotics is one of the world's leading suppliers of products and systems that provide access to information. The company designs, manufactures, markets and supports remote access servers, LAN switching equipment, desktop/mobile client products and modems, telephony products and handheld organizers. U.S. Robotics products connect computers and other equipment over analog, digital and switched cellular networks, enabling users to gain access to, manage and share data, fax and voice information. Its customers include Internet service providers, regional Bell operating companies, inter-exchange carriers and a wide range of other large and small businesses, institutions and individuals.

About 3Com

3Com enables individuals and organizations worldwide to communicate and share information and resources at any time from anywhere. As the world's preeminent supplier of data, voice and video communications technology, 3Com has delivered networking solutions to more than 100 million customers worldwide. With global reach and local touch, the company gives enterprises, network service providers and carriers, small businesses and consumers the most comprehensive, innovative information access products and system solutions for building intelligent, reliable and high-performance local and wide area networks. 3Com has worldwide revenues of more than $5.5 billion and employs approximately 13,500 people in 45 countries. For further information, visit 3Com's new World Wide Web site at http:// www.3Com.com .


CONTACT: Network Intensive
Vikki Holmes, Director Marketing Communications
714/450-8400
vholmes@compute.com




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