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Technology Stocks : Cascade Communications (CSCC)
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To: Brian C who wrote (2453)2/24/1997 7:35:00 PM
From: kvogel   of 3743
 
Al was right.Suzanne DuLong,IR manager at CSSC backs what he says. Today I talked with Ms. DuLong for 10 minutes. Here's some highlights. Cisco did own 6 mil shares and is selling it after it's own switch company acquisition (estimate about half sold). CEO Smith owns "substantially" more than the 100,000 shs. he sold. "He sells on a regular basis whether the stock is up or down and it is no reflection of the business prospects". CSCC provides the ATM backbone for WCOM and the Fore award was made in 96' reflecting no loss at the time. It's old news at CSCC. She said CSCC is comfortable with both quarterly and yearly projections and expects to maintain its 60% growth rate. She did say the quarter will be back loaded so we should hear some good news over the next month.I feel better already as she said nothing has fundamentally changed at CSCC.
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