Cabletron Systems (CS: NYSE) Message Board

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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Thomas George Warner who wrote (2501)	12/4/1997 10:00:00 AM
From: HVN	Read Replies (1) of 8358

I'd seriously question any ex-NYNEX executive's credibility as a manager or visionary. The company is/was the worst run of the Baby Bell's - absolute disaster. At one time, a Vice Chairman of Bell Atlantic mentioned at a dinner conversation that their solution for fixing NYNEX was to fire everyone. Actually, he only meant in half in jest. One must realize that most cases, senior executives take over failing firms coz. they've been promised huge returns if they can turn the company around. They do very little DD in checking up the status of the business or how fixable it is. Take for example that the guy who joined to run MobileMedia last year and quit in 6 months. He ran Tampbrands. Went from consumer marketing to paging. Didn't know anything about it. Quit/was fired in 6 months - paid $1 million to leave. He went there coz. they promised him the world if he could turn the company around. Get my drift about Reed? If he had any significant success at NYNEX, then I'd have some faith in his capabilities. Since he hasn't, there's not much of a gaurantee that he will be able to do much as CS.

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