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Technology Stocks : Cascade Communications (CSCC)

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To: Robin who wrote (2105)2/9/1997 10:01:00 AM
From: Kiriakos Georgiou   of 3743
 
Hi Robin,

I don't know when the stock will rebound. As long as the earnings keep coming strong and prices are reasonably low, as they are now, I'll be buying networkers! Until we actually see evidence of a significant slowdown, my opinion is that excellent growth companies like COMS, CS, CSCC etc. are selling at good discount.

I know the analysts are looking at average days receivable etc. and are seeing bad things for the short term, but I don't care for sort term! I am happy to make money in 1998 or 1999. I started buying at what I thought were attractive prices; prices are still droping. Obviously my timing was off, but (and I have re-evaluated things again and again) the logic seems still correct. If I found them attractive at $39, at $30 they'll be even more attractive.

So long the street is reacting on "nothing" I'll be buying. If it turns out the street was right and the networkers are slowing down, I'll re-evaluate the cituation.

Kiriakos
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