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Technology Stocks : Cascade Communications (CSCC)

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To: steve harris who wrote (2323)2/21/1997 4:35:00 PM
From: (no name provided)   of 3743
 
Hi, Steve, I think it's a lot riskier to average down on CSCC than on CSCO, so I bought a few shares of CSCO today just like what you said.
I feel the management at CSCC has something to hide. Unlike other tanked stocks, this management is totally silent, except D. Smith sent a clear signal by selling as we speak. Look at Computer Associates (CA), their CEO said in public that they will earn back the lost market cap and 2 of the directors are buying at $44/sh. If D. Smith has the confidence that CSCC will win back the lost market cap, why not wait till CSCC to get to 60s? That's $3mill more for him in short period. I start to doubt if CSCC made up the numbers last quarter. In an unrelated story, CTN was NYSE's #1 performer in 1996.
Best of luck.

e.

ps. don't work too hard on those dishes or collecting cans...
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