Anyone else watching Cabletron? I believe they develop, market, and sell LAN products. I also had word from the inside cable (TV) world that they are some how related in the development of cable modem products.
Interesting data on CS:
52 week spread, 87 3/4, 37 3/8
Recent activity: yesterday (3/5) up 2, today (3/6) down 3 @ 68 3/4
4Q revenues up 30.9% from last time one year ago
per share income .78 compared to .59 (+32.2%)
FY revenues up 32.4%
per share income 2.19 compared to 1.63 (34.4%)
To me, this stock looks like it's touching the bottom of a new support
level. As I said before, it's at 68 3/4 and I would expect a sell at
85 and a gain of around 25%. |
