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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: Doug who wrote (6045)5/7/1999 7:17:00 AM
From: Wallace Rivers  Read Replies (1) of 8358
 
Doug:
To be honest, I did not purchase this stock one iota for what it will earn, I bought it solely as an undervalued takeover target.
The Yago vs. Extreme valuations, and the CEO's comments re: valuation in bloomberg press release are interesting. The fact that FORE and BAY will shortly be/are no longer with us doesn't hurt, in my mind, either. People who I talk with feel that the company is being shopped, and that CB is holding out for a higher price.
All this is pure speculation, but, then again, that's why I purchased!
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