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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Doug who wrote (5889)4/16/1999 2:20:00 PM
From: James Logajan  Read Replies (3) of 8358
 
"If earnings/revenue tank again as indicated by Skippy we could be down to $3."

You are saying that CS could go to approximately 50 cents on the dollar (book value)!? In a bull market no less? Wow. I have trouble taking the rest of what you have to say seriously, based on that one statement. Just how many other companies listed on the NYSE are trading below book value? (A sincere question; I have no idea.) And what are their financials like?

As to what "Skippy" had to say, it is hard to believe that 1/3 of a 600 some work force failed a piss test. Maybe Celestica should hire a better testing firm, or maybe those employees shouldn't all have had poppy-seed muffins for breakfast the day of the test.... Seriously though, beyond a "me-too" posting about the Celestica deal before it happened, the limited 120 day search on SI didn't yield any evidence pro or con on Skippy's veracity (or at least that of his informant(s)). Not that I am complaining about his posting; all news, good or bad, is welcome.

Does it make sense that Celestica would handle the manufacturing handoff in such a way as to tarnish their image? Looks like they are growing and want to grow more; wouldn't they have problems landing deals if they drop the ball on this? I hope not, but I can't deny that it may be the case.
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