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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: The BayWatcher who wrote (4206)6/28/1998 10:56:00 PM
From: jelrod3   of 8358
 
Baywatcher, a price of $11 would mean that CS is trading at it's average high PE over the last 5 years (29x), assuming that Lehman's estimate of .38 for fy 99 is correct. Does this make sense?

I think we will see CS down in the 9.75 to 9.86 range before we see it climb back out of this hole...unless a white knight is set to ride to the rescue in the near future.
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