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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Checkmate! who wrote (3242)3/24/1998 10:23:00 AM
From: Doug  Read Replies (1) of 8358
 
Checkmate:We certainly have a superb portfolio of excuses to justify each Quarter. For this Q it is
a:Domestic shortfall
b:Softness in Federal sales
c:Weakness in Asia and Latin America
d:Gross margins decrease
e:Operating Pressures
f:Inventory related changes.
g:Product pricing & product mix impacts.

It is important to note that whilst Sales have decreased the cost of
goods has increased together with SG&A. The treatment by the street has been different probably because the quality of the Mgmt and products are at variance from expectations. Three Q's have been sub par .

I do hope that CS and its employees will avail of this last chance. The street will certainly be less forgiving if it does not.
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