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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: zrm who wrote (7165)11/22/1999 8:04:00 AM
From: BMcV  Read Replies (1) of 8358
 
well, you were right. Strange deal, though. The headline figure of $875 million is about a quarter of CS's current market cap, or more than half what CS was worth at the low. But it's a stock deal. And the acuiring company, EFNT, is one of those story stocks with a very inflated stock, trading at 25 times revenues / share. So if the story doesn't work, that $860 million will turn out to have been imaginary.
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