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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: Stuart T who wrote (61254)	9/20/1999 7:35:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 90042

when i'm sitting on my board waiting for a wave i will check my quotes....... tl is always on top of things

To: Stuart T who wrote (61254)	9/20/1999 7:40:00 PM
From: Tim Luke	Respond to of 90042

everything is now out of the way the was needed....clean the books...new ceo....earnings....they are the only networker on the block worth acquiring and i'm even more confident then ever one these european companies will buy them. . . . . . Cabletron beats expectations amid tough competition By Bloomberg News Special to CNET News.com September 20, 1999, 4:00 p.m. PT ROCHESTER, New Hampshire--Computer networking equipment provider Cabletron Systems said its fiscal second-quarter profit doubled, though sales of older products slipped. Net income rose to $13 million, or 7 cents a share, for the quarter ended August 31, from $6.39 million, or 4 cents, a year earlier. Revenue fell 3.8 percent to $356.6 million from $370.6 million. Cabletron's share price Quote snapshot September 20, 1999, 01:01 PM PT Cabletron Systems CS 19.1250 -0.6250 -3.16% by symbol by name More from CNET Investor Quotes delayed 20+ minutes has fallen 58 percent from its highs in 1997 as rivals like Cisco Systems have moved in with competitive equipment that links computers and networks. Cabletron's sales also have dropped as its newest products for telecommunications companies and Internet service providers (ISPs) failed to compensate for an outdated product line aimed at large businesses. "Some of their business is doing very well," said Matthew Barzowskas, a First Albany analyst who rates Cabletron "neutral." Still, "the competitive landscape continues to get tougher and tougher," he said. Separately, Compaq Computer today made an equity investment in Cabletron's Spectrum business and agreed to a multiyear deal to buy products and services from Cabletron. Terms of the agreement weren't disclosed. Cabletron was expected to earn 6 cents a share, the average estimate of analysts polled by First Call. Estimates ranged from 4 cents to 8 cents. Both quarters included acquisition-related charges. The most recent quarter also included a gain of $6.1 million from an equity investment. Sales of its SmartSwitch Router, which helps Internet service providers transmit data, tripled from a year ago.