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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: polarisnh who wrote (3300)4/1/1998 1:34:00 PM
From: J Bertrand  Read Replies (2) of 8358
 
Steven,

Obviously you know more about Levine and Benson than I do. My point was, and apologize if I wasn't clear, was not to say that Benson wasn't responsible. Certainly he is.

What I am most excited about is that Benson is aligned with
the shareholders. He has lost over $450 million in value since May.
I think he will be doing everything possible to improve Cabletron's stock price. He certainly has HUGE incentive to make it work.

I think you are right. Reed probably was an escape goat. But, I think I understand the psychology. Reed was playing with Benson's money.
Right or wrong, how much time would you give somebody when they were
in charge of your multi million dollar investment? I think he just became impatient. I think Reed helped him with strategy, but I don't think that Benson is a sit back and let somebody else do it kind of
guy...from what I have read. You know him better than I.

Finally, I think these guys are survivors. I think that they are scrappy. If they were not survivors, they wouldn't have been able to get the business to a billion in sales.

Based on Benson's survival ability and his alignment with shareholder interests, I can't see how this change will not be beneficial to shareholders.

Just my opinion. The psychology is on our side

Take care

Jeff Bertrand
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