Cabletron Systems (CS: NYSE) Message Board

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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: John C James who wrote (5579)	1/21/1999 9:42:00 PM
From: Michael Hart	Read Replies (1) of 8358

<I know how Charlie Brown felt when Lucy kept promising not to pull the football away at the last second > I gotta say that's one of the best analogies I've seen yet !! I think you've answered your own question about the enthusiasm of the board. I have a feeling you haven't been around this company long enough to understand the frustration of "the football being pulled away" every time we think we're about to score some points. you need about 4 years minimum in order to understand what could have been... In the short term all we needed was one more quarter of increasing revenues and earnings in December and I believe the investors would have started pouring into this stock as a turnaround story. Instead Lucy does it again....... Alas, we wait for the next build up to increased revenues or buyout rumors or whatever. My personal belief is that the company is still seriously undervalued based on their products and financial position. At some point someone ( either customers or a buyer will recognize this and step in ) and the true value will be realized. Of course there is a limited amount of time for this realization to occur......... Long CS, Mike PS: I read a bit of your profile. I feel sorry that you are put into a position that you have to defend the likes of our current President. He does not deserve the dedication of those who are willing put their own reputations on the line for his lack of moral and personal shortcomings despite his obvious intelligence.

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