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| The merger is expected to be accretive to Greater Bay Bancorp's earnings in 1999 based on reductions in operating expenses and revenue enhancements resulting from an expanded product line and increased lending capacity that can be utilized at Bay Area Bank. By branding our fourth generation cable products as Versalar, we are telling the world that Bay Networks' broadband products are in a key strategic market that is poised for growth and are tightly integrated into all of our data networking solutions," said Chris Grobicki, director of product development for the Broadband Technology Division at Bay Networks. 4 billion of debt and preferred stock is outstanding at Northern Indiana Public Service, versus about $240 million at Bay State. |
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