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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: Captain James T. Kirk who wrote (5852)4/15/1999 8:32:00 AM
From: skippy  Read Replies (2) of 8358
 
Hey Captain....

Sorry it took so loooong to reply. Anyways, things aren't looking too good for the short term in Rochester. Source reports that since the manufacturing sell-off was announced a combination of de-moralized employees, process equipment malfunctions and chronic parts shortages have virtually shut down a number of product lines. This quarter may be horrible.

Rumored that over 200 of the 600 employees promised jobs at Celestica have failed initial urinalysis screenings. Dozens of employees promised severance packages had their deals reneged on by Human Resources and general malaise has swept the plant.

However, still believe sell-off was inevitable and long overdue. Just think it will take longer for CS to crawl out of it's hole or make itself attractive enough for a potential suitor that would benefit us all......

As always, for all you legal and CS company spies, this post is based on my humble opinion and best guestimates only. I make no promises that opinions or comments within are accurate or timely. Please check my previous OPINIONS posted on this site and base your options accordingly.

Keep you posted and as always, Good Luck

Skippy
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