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

To: polarisnh who wrote (6881)	9/14/1999 1:46:00 PM
From: polarisnh	Read Replies (1) \| Respond to of 8358

RESEARCH ALERT- Cabletron estimates, target raised BOSTON, Sept 14 (Reuters) - SG Cowen analyst Chris Stix said Tuesday he raised his 2001 earnings and revenue estimates for Cabletron Systems Inc. (NYSE:CS - news), and upped the price target to $25-$30 from $15-$20. -- Stix made his comments in a report following a presentation on Monday made by Cabletron's Chairman, President and Chief Executive Piyush Patel at the SG Cowen Technology Conference in Boston. -- Cabletron shares were up 9/16 at 18-7/8 on the New York Stock Exchange. -- Stix raised his 2001 EPS estimates to $0.85 from $0.65. He also raised revenue estimates for 2001 to $1.81 billion from $1.65 billion. -- In his report, Stix said he expects strong new product flows at the networking company. However, he said Cabletron's history of execution miscues ``suggests that the story is not without risk.' -- He said he expects the company to concentrate on high growth businesses, such as layer 3 switching, digital subscriber line (DSL) router products and its Spectrum network management platform. -- ``We expect the company to focus on these products (along with services) moving forward, with possible cuts in lower growth businesses,' Stix said. ``We also feel that the company may spin out or sell some of its high growth businesses to unlock value.'