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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: George Bielski who wrote (4876)8/31/1998 8:24:00 PM
From: Richard V Davis  Read Replies (1) of 8358
 
Lot of money taken out of the market today; I expect to see folks looking for undervalued stocks. I think CS is one of them. I do not own any or options; I am going to buy Sep 7.5 and Oct 10 calls tomorrow at the open.

As I mentioned last week, I know someone who works in production at CS. The overtime has been tremendous, as earlier reported here on this board. Even with all of the extra work there is a large order backlog.

So, I am getting in tomorrow. There are rumors flying around Rochester that the suitor of choice is CPQ. Rumors are worth what you pay for them, but I know CS staff are buying all of the stock the can afford. THAT is important information.

So, not hyping this stuff. If I were going to hype I would do it after I bought (grin). Just passing along what I hear.

BTW one stock I do own is a microcap called Misonix (MSON). Debt free, consistently profitable and has a bit under $3/share in cash. Going for $ 5 1/8 today. Wow.

Rick
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