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

To: BMcV who wrote (7171)	11/22/1999 10:57:00 AM
From: polarisnh	Read Replies (1) \| Respond to of 8358

RESEARCH ALERT - Lehman ups Cabletron NEW YORK, Nov 22 (Reuters) - Lehman Bros. said on Monday it raised its rating on shares of Cabletron Systems Inc. to buy from neutral and raised its earnings estimates on the company. -- Cabletron has improved visibility in its core business units and is introducing new products, analyst T. Luke wrote. -- Over the last several years, Cabletron has struggled through a transition to switching products from shared media hubs. Believes Yago 3 switching acquisition has gained significant traction and it is continuing to drive sequential revenue growth, Luke wrote. -- Raised fiscal 2000 estimate to $0.35 a share from $0.33 a share and 2001 estimate to $0.73 a share from $0.66. -- Stock up 1-1/2 at 24-3/8.