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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: John Ritter who wrote (2433)12/2/1997 7:55:00 PM
From: Michael Hwang  Read Replies (2) of 8358
 
For another eerily similar comparison, though it didn't have the huge day drop, look at AMD. It peaked at around 39 then came crashing all the way down to about 10 after a couple of disappointing Qs. Projected profits and company valuations are (were) roughly the same.

AMD came back eventually (though maybe undeservedly), maybe CS will do the same. Agree that it may bottom to 10. The street can be wicked mean when it dosen't like you.

Michael Hwang

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