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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: kathyh who wrote (61134)	9/20/1999 4:26:00 PM
From: Chicago	Respond to of 90042

Re: CS Cabletron Systems Announces Second Quarter Results 200% growth for flagship SmartSwitch Router fuels third consecutive quarter of positive momentum ROCHESTER, NH, September 20, 1999 ? Cabletron Systems, Inc. (NYSE:CS) today reported financial results for the second quarter of fiscal 2000 ended August 31, 1999. Net sales for the second quarter were $356.6 million as compared with $349.5 million in the first quarter of fiscal 2000 and $370.6 million in the second quarter of fiscal 1999. On a pro forma basis, net income was $12.5 million, or $0.07 per diluted share compared to pro forma net income of $7.3 million, or $0.04 per diluted share in the prior quarter, for sequential growth of 72% and 75%, respectively. Pro forma net income and earnings per diluted share grew 19% and 17%, respectively, compared to pro forma net income of $10.5 million and $0.06 in the same quarter a year ago. The pro forma presentation, for the current quarter, excludes the amortization of intangible assets related to purchase acquisitions of $7.5 million ($5.6 million, net of tax) and $10.0 million ($6.1 million, net of tax) of other income from a gain on an equity investment. "This is a fundamentally different company today than it was 6 months ago," said Piyush Patel, Cabletron chairman and CEO. "Fueled by product successes such as the SmartSwitch Router, which grew over 200% year-over-year, Cabletron is reasserting our position as the industry?s technology leader. We have a clear strategy and direction, we are focused on execution and we now have clear visibility into our business fundamentals." Including all charges and other income, actual net income, for the quarter ended August 31, 1999, was $13.0 million or $0.07 per diluted share. This compares to an actual net loss of $22.5 million or $0.13 per diluted for the quarter ended May 31, 1999 and actual net income of $6.4 million or $0.04 per diluted share for the quarter ended August 31, 1998. ------ there is more, see cabletron.com

To: kathyh who wrote (61134)	9/20/1999 4:26:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 90042

my crystal ball just got out of the repair shop...cs reports 8 cents...future looks bright....siemens buys cs for 32$ per share within the next 10 days

To: kathyh who wrote (61134)	9/20/1999 4:26:00 PM
From: steve susko	Respond to of 90042

Cabletron Systems Announces Second Quarter Results 200% growth for flagship SmartSwitch Router fuels third consecutive quarter of positive momentum ROCHESTER, NH, September 20, 1999 – Cabletron Systems, Inc. (NYSE:CS) today reported financial results for the second quarter of fiscal 2000 ended August 31, 1999. Net sales for the second quarter were $356.6 million as compared with $349.5 million in the first quarter of fiscal 2000 and $370.6 million in the second quarter of fiscal 1999. On a pro forma basis, net income was $12.5 million, or $0.07 per diluted share compared to pro forma net income of $7.3 million, or $0.04 per diluted share in the prior quarter, for sequential growth of 72% and 75%, respectively. Pro forma net income and earnings per diluted share grew 19% and 17%, respectively, compared to pro forma net income of $10.5 million and $0.06 in the same quarter a year ago. The pro forma presentation, for the current quarter, excludes the amortization of intangible assets related to purchase acquisitions of $7.5 million ($5.6 million, net of tax) and $10.0 million ($6.1 million, net of tax) of other income from a gain on an equity investment. "This is a fundamentally different company today than it was 6 months ago," said Piyush Patel, Cabletron chairman and CEO. "Fueled by product successes such as the SmartSwitch Router, which grew over 200% year-over-year, Cabletron is reasserting our position as the industry's technology leader. We have a clear strategy and direction, we are focused on execution and we now have clear visibility into our business fundamentals." Including all charges and other income, actual net income, for the quarter ended August 31, 1999, was $13.0 million or $0.07 per diluted share. This compares to an actual net loss of $22.5 million or $0.13 per diluted for the quarter ended May 31, 1999 and actual net income of $6.4 million or $0.04 per diluted share for the quarter ended August 31, 1998. ------ there is more, see cabletron.com