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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 (65651)10/13/1999 4:28:00 PM
From: booray  Read Replies (1) | Respond to of 90042
 
Yes, and I for one wish that it would happen very soon....



To: kathyh who wrote (65651)10/13/1999 7:30:00 PM
From: Stuart T  Respond to of 90042
 
Networking Companies' Results Are Expected to Rise in Quarter

By PETER LOFTUS
Dow Jones Newswires

NEW YORK -- Computer-networking firms are expected to post
improved results for the third quarter as the Internet's growth continues to create demand for infrastructure equipment.
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Cabletron has been under even more pressure than 3Com to boost shareholder value. Analysts have been forecasting a takeover of the company for several months, as a rash of buyouts in the last year left it as one of the few stand-alone networking firms. For its second quarter ended
Aug. 31, Cabletron reported earnings of seven cents a share, excluding items, compared with six cents a share a year ago.

Sales are sluggish at Cabletron, too, falling to $356.6 million for its second quarter from $370.6 million a year ago. The outlook for sales growth isn't positive. Analysts downgraded the stock last month after concluding that
Cabletron would receive less revenue from a restructured distribution agreement with Compaq Computer Corp.
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