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Technology Stocks : Cascade Communications (CSCC)
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To: Tera Bit who wrote (1793)1/25/1997 8:05:00 AM
From: w2j2   of 3743
 
Daniel, I struggled to understand what the conference call participants were thinking. It seemed that the Management were a little too adamant about not giving a forward projection. (maybe they know it will be down?) This seemed to make the analysts angry (they are trying to do their job). Could it be they took revenge? Given the lack of guidance, I think they did what they had to do with a stock with a pe >90. If cscc has a very good first quarter, then management really blew the conference call. If cscc has a "transitional" (read "down") quarter, then management did what it wanted to do in the call. IMHO.wj
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