COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00160

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Nov 26 9:30 AM EST

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To: Jeffery E. Forrest who wrote (9743)	11/25/1997 11:45:00 AM
From: Moonray	of 22053

Cabletron at fresh low after DEC announcement NEW YORK, Nov 25 (Reuters) - Cabletron Systems Inc (NYSE:CS - news) shares slipped to a low unseen since the summer of 1995 after the company's announcement Tuesday of a networking partnership with Digital Equipment Corp (NYSE:DEC - news), traders said. In early New York Stock Exchange trade, Cabletron shares were off 1/4 to 24-1/2, a level last notched in August 1995, while DEC fell 7/16 to 49-3/8. As part of the agreement, Cabletron will acquire DEC's computer network product business for about $430 million in cash, stock and product credits. Citing the deal, J.P. Morgan downgraded Cabletron to market performer from buy. "We believe that DEC's (networking) business is a deteriotating one and that it lessens the possibility for upside surprises over the next four quarters. Management's ability to improve the company's short-term growth rates were our primary reasons for having a buy recommendation on shares of Cabletron and we now believe that the DEC acquisition may hinder short-term plans," according to the J.P. Morgan research. o~~~ O

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