Cascade Communications (CSCC) Message Board

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Technology Stocks : Cascade Communications (CSCC)

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To: zeuschan who wrote (2968)	3/19/1997 10:17:00 AM
From: JohnV	of 3743

> In other words, they cannot meet the earning forecast... Actually, in other words, it means that they will make earnings and possibly exceed by a penny like they did last quarter BUT DSO may not have improved. If you remember, the DSO number is what brought the stock down after Q4 announcement. As I've posted before on this thread, overseas demand for frame-relay is growing quickly and who better to capitalize than Cascade. Granted, there is plenty of competition but the selling here is overdone given the '97 growth projections for the industry. We can't trade at 23x '97 estimates for long. It just doesn't make sense. Remember when all of the year-end business periodicals were predicting technology to be the leader for '97 as the rest of the market lagged? Just goes to show that the markets know dick. In the meantime, I'll bleed until my next transfusion. Hope it comes soon...

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