Cabletron Systems (CS: NYSE) Message Board

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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Tom M who wrote (2457)	12/3/1997 8:42:00 AM
From: Triluminary	Read Replies (1) of 8358

Tom, www1.newsalert.com NEW YORK, Dec 2 (Reuters) - BancAmerica Robertson Stephens said Tuesday it downgraded Cabletron Systems Inc to market performer and reduced earnings estimates on the company for fiscal 1998 and 1999. -- Cut estimate for fiscal 1998, ending February, to $1.14 per share from $1.53. -- Cut estimate for fiscal 1999, to $1.10 from $1.83. -- Cited company's warning this morning of expected earnings shortfall in fiscal third quarter. -- "Management did not give much detail as to the cause of the shortfall, although it appears to be company-specific, in our view," analyst Paul Johnson said in a research note. -- Shares fell 7-9/16 to 15-5/8 in late afternoon. Regards, mark_b

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