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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: George Bielski who wrote (4546)7/22/1998 9:50:00 AM
From: Norman Klein  Read Replies (2) of 8358
 
<<what was the bad news that everyone's talking about, but never posted? >>

It was nonsense. Supposably Newbridge Networks were in (secret??) negotations to purchase Cabletron and Benson (CS CEO) told them to take a hike. Personally, I interpret that as great news!! (but to each their own). Second, they lost a big contract (yawn!, can't win them all) and I forgot what the third one was (even more insignificant than the other two items).

The bottom line is that the market didn't react to any of this supposed news, so why should I??
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