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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Gary Korn who wrote (4604)7/26/1998 12:19:00 PM
From: Greg Butcher  Read Replies (1) of 8358
 
With all this talk about Oil stocks I thought I would post this just to refresh everyones memory.. <S>

CS develops, manufactures, markets, installs andÿsupports a wide range of standards-based local area networkÿand wide area network connectivity hardware and softwareÿ products. For the 3 months ended 5/31/98, revenues rose 1%ÿto $365.7M. Net loss totalled $152.3M vs. an income ofÿ$58.8M. Revenues reflect increased sales from the DigitalÿNetwork Products Group. Loss reflects a $13.6M integrationÿcost and a $150M expense for in-process R&D.
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