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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: BMcV who wrote (6409)	6/26/1999 9:33:00 AM
From: LakesideTrader	Read Replies (2) \| Respond to of 8358

Not very encouraging words iionline.com scroll down to this section I thought Cabletron Systems (NYSE: CS - Quotes, News, Boards) would miss the $0.02 estimate and post a loss. It beat estimates, posting pro forma results of $0.04 per share, but after charges for amortization of intangible assets, an inventory write-off and a restructuring charge totaling $46.3 million (before taxes), the company posted a net loss of $0.13 per share. The stock gained nearly two points on the news, but gave back those gains and more by the end of the week. I wouldn't touch this stock with my cat's money.