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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Doug who wrote (5505)12/23/1998 1:01:00 PM
From: WTSherman  Read Replies (1) of 8358
 
<Your contention is that Mgmt had 5 yrs to turn this around< Doug, actually my contention is that management has blown opportunities consistently over five years. The early mistakes cost the company the growth that all the other successful networkers achieved. The later mistakes have just about sunk the company. As I've said before, I don't own this stock, but, I know the company well. If I did own it and I had a big loss, I would certainly take the losst and offset other gains. I would only get back in if there is a management change. The history of failure is so total and so complete that any investment in these people is unjustified.

I have watched the cheerleaders for this stock delude themselves and others about what CS is doing and where its going for several years. I have stocks that I haven't given up on, though I should. Fortunately, CS is not one of them. I wish I had shorted the stock a year ago. But, I don't short stocks....
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