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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: KLH who wrote (4761)8/17/1998 4:23:00 PM
From: Peter Yang  Read Replies (1) of 8358
 
I hope this dog will perform like TLC. I bought TLC last year at 11. I added more at around 7 on its way down to 5. It stayed below 10 for a long long time for the same reasons we're hearing now for CS, i.e., might not stay in business because of Microsoft's monopoly, intensive competitions, management was a bunch of cheaters, and the huge debt (CS is an exception here since it's actually sitting on a a few hundred millions of cash). Everyone got so frustrated and many have bailed out around 5-6. Well It broke above 30 not long ago and it's still around 28 and every analyst is upgrading.
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