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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Dennis Latchum who wrote (4685)8/6/1998 10:08:00 PM
From: B.G. Galbraith  Read Replies (1) of 8358
 
I don't think it is likely they will be out of business any time soon. They have about 300 million in cash and short-term investments. Even if they were to have year over year losses of one dollar per share, the cash would last two years. Surely even Benson would sell out if it began to look that bad. It seems extremely unlikely to me that they could fail to get at least $18/share on a sell-out. At current prices, it's hard for me to see how a long-term investor can lose money on CS. Just the opinion of an inexperienced investor, so don't bet your money on it. Just let me bet mine.
Sign me impatient and disgruntled like many of us.
BG
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