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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: starpopper who wrote (5004)9/17/1998 1:42:00 PM
From: Teflon  Read Replies (1) of 8358
 
Mr. Starpopper:

It's been a while since we've spoken, but its nice to see you've maintained this enthusiasm.

CS will NOT do anymore purchases in the next six months as the stock price has taken enough of a beating - and this is the last time Craig wants to see this end of the trading range. As for doing a cash deal, its simply out of the question as the cash on CS balance sheet is one of the fundamentals that keeps this stock from seeing south of $6 a share.

As I said two months ago, Mr. B is positioning this baby for a sale in six to nine months (actually three to six months from today) and we are starting to see the fruits of his strategy.

Stay long and don't let the shorts get the better of you.

Thanks,
Teflon
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