COMS & the Ghost of USRX w/ other STUFF Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jhild who wrote (13259)	3/2/1998 7:26:00 PM
From: Moonray	Read Replies (1) of 22053

AFTER THE BELL-Cabletron falls on Q4 forecast Monday March 2, 5:47 pm Eastern Time NEW YORK, March 2 (Reuters) - Shares of Cabletron Systems Inc fell one quarter in early after-hours trading Monday as the company said it would take hefty fourth quarter charges and expected revenues for the quarter to be under those of the prior year period, traders said. Cabletron's stock traded at 13-3/4 after regular trading hours, down from its unofficial close of 14. The company said it would take an after tax charge of $1.28 per share for the closing of its network products business. Cabletron expects fourth quarter revenues between $305 million and $320 million compared with $380.6 mln a year earlier. The networks equipment supplier said it expects an earnings per share range of break-even to a small loss before non-recurring charges on a fully diluted basis. The First Call consensus estimate for the quarter is $0.16 per share. The New York Stock Exchange reported session one trading volume of 733,200 shares, compared with volume of 656,100 shares during the Friday session. Session two volume was 1.26 million shares compared with 82,600 on Friday. Dealers said most stocks were trading at or near their closing values over an hour after the close. o~~~ O

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next