Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (62046)	9/20/1999 12:49:00 PM
From: kha vu	Read Replies (2) of 120523

CS: <<<CS -- Netwrk & Comm Dvcs -- Technology 20-Sep-99 11:45:15 Cabletron Systems is trading off $13/16 at $18 15/16 ahead of the release of FY00 2Q earnings results this afternoon. The First Call consensus figure calls for earnings of $0.06 per shares. However, the Street will be focusing more intently on CS' statements regarding the near-term outlook for business, as well as for signs that the restructuring initiated in December 1998 has really taken hold. Today's pull-back comes after the stock closed at $19 3/4 on Friday, just under its 52-week high of $19 15/16. A stronger than expected quarter and an upbeat forecast from management could push CS past the $20 resistance-level. However, weak earnings or a cautious outlook would send newly invested growth-oriented institutions streaming from the stock. Assuming no major rumors hit the Street today regarding CS' earnings, the stock is likely to continue to trade near the $19 mark ahead of the release.>>>

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