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

To: JakeStraw who wrote (6479)	7/9/1999 8:42:00 AM
From: KM	Read Replies (2) \| Respond to of 8358

I bought this stock on Instinet this a.m. Combination of the BizWeek article and it has a chart setup to reach the old highs at least near term.

To: JakeStraw who wrote (6479)	7/10/1999 11:50:00 AM
From: kathyh	Respond to of 8358

hi jake.... he may not know his geography, but i'm hoping he knows a good takeover play when he sees it... <ggg> more cs news... notice that now siemens "declined to comment"... recently they denied, following dan dorfmans article i believe... any significance? i guess we'll see monday... or soon... kathy :) zdnet.com Is Cabletron in play? By Joe McGarvey and Todd Spangler, Inter@ctive Week July 9, 1999 10:25 AM ET Shares of Cabletron Systems Inc. jumped up a dollar yesterday, closing at $13, amid speculation that the network equipment company is being pursued for an acquisition by an International telecommunications equipment supplier. Published reports cited European giants Alcatel and Siemens as being interested in Cabletron, a one-time major supplier of data networking gear that has failed to keep pace with fast-moving rivals Cisco Systems Inc., Bay Networks Inc. (now part of Nortel Networks) and other data networking companies. A Cabletron spokesman would not comment on the takeover rumor. However, Mike Quinn, the company's director of corporate communications, said that a buzz was likely created regarding Cabletron's decision to bulk up marketing around its network management software and possibly spin that division into a separate entity. Cabletron's Spectrum management system is well regarded, and analysts speculate that several companies would be interested in purchasing that portion of the company. "Spectrum I could see being bought by someone," said Maribel Lopez, an analyst at Forrester Research. "A lot of folks are looking for a good management system." In keeping with the Rochester, N.H., company's policy of not commenting on takeover rumors, Quinn would not say if the Spectrum division could be sold separate or if it could only be bought as part of an overall acquisition of Cabletron. A Siemens spokesman also declined to comment on the takeover rumors. Although Cabletron has been making a move to transition its product line to the service provider space, the bulk of the company's gear is aimed at enterprise customers. Although Alcatel and Nortel were reportedly interested in Cabletron, both of these companies already possess extensive enterprise product portfolios acquired through previous purchases. Chris Stix, an analyst at SG Cowen, would not comment specifically on the latest rumors about Cabletron but said he has a positive outlook on the company in general. "I do think the product momentum is good at Cabletron, and the new CEO" -- Piyush Patel, who replaced co-founder Craig Benson last month -- "is doing good things in terms of opening things up internally," Stix said. "They're focusing on the emerging service provider market." Stix added: "We still believe there are imperatives to cause the telecom players to make acquisitions in the data networking arena, but that's not a comment on Cabletron specifically."