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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Sowbug who wrote (2858)1/19/1998 11:49:00 PM
From: John Bryan  Read Replies (1) of 8358
 
To Sowbug:
In fairness to William Wang, I will provide a portion of the first release taken from the Dow Jones Newswire on Jan. 14th. I believe he was just basically repeating one of the rumors that hit the newswire that day.
The newswire stated: Wall Street traders said rumors are swirling throughout the investment community that Cabletron will be taken over by Lucent Technologies Inc. (LU). The traders said Cabletron could fetch a price of $28 to $30 a share.
Lucent executives declined to comment on the rumors.

I hope this might be of help to you.
Regards,
John Bryan
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