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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: TraderWithNoName who wrote (80914)	12/21/1999 12:30:00 AM
From: TraderWithNoName	Respond to of 90042

OK- I'm sold on Cycode-it only needs a word-wrap for long posts.

To: TraderWithNoName who wrote (80914)	12/21/1999 12:37:00 AM
From: Dolfan	Respond to of 90042

Awesome! WOW we beat buy .14 :-) Cabletron posts consensus-beating Q3 results (Adds details, analysts' comments, upgrades stock activity in paras 8-13) ROCHESTER, N.H., Dec 20 (Reuters) - Cabletron Systems Inc. (NYSE:CS - news), the number-four computer networking equipment maker, on Tuesday reported pro forma net income for its third quarter ended Nov. 30 of $22 million, or 12 cents a share. In the same quarter a year ago, Cabletron posted a pro forma loss of $23.8 million, or 14 cents a share. Analysts surveyed by First Call/Thomson Financial had forecast Cabletron would earn 10 cents a share on a pro forma basis. Cabletron reported revenue during the quarter of $371.7 million, compared with sales of $329.9 million in the same quarter a year ago. Including all charges and other income, Cabletron's actual net income was $26.1 million, or 14 cents a share, compared with a loss of $84.5 million, or a loss of 50 cents, a year ago. Cabletron President and Chief Executive Officer Piyush Patel said the results show that Cabletron is effectively streamlining its operations and focusing on its strengths. In recent years, the company has been dogged by sluggish sales and management changes. Patel, who was promoted to his current posts in June, said the November sale of Cabletron's Flowpoint unit in an $861 million stock deal and the launch last month of its Aprisma Management Technologies are the first steps in the firm's bid to boost shareholder value. A company official said Cabletron expects to spin-out Aprisma, which includes Cabletron's Spectrum software line, in a public offering within the first half of 2000. ''We continue to believe that the Cabletron share price understates the value contained within Cabletron,'' Patel said. During a conference call, several analysts complimented Cabletron on what they said was a solid quarter. ''It was a positive quarter -- a sign of continuing improvement,'' Andy Schopick of Nutmeg Securities told Reuters. ''It does continue to give some confidence that this company is turning things around.'' Still, Schopick, who rates the stock a ''hold,'' said Cabletron faces a challenge in returning to the furious 30 percent to 40 percent revenue growth rates of its glory days. Cabletron shares rose 50 cents on Monday to close at $27, then added another 3/8 to $27-3/8 in after-hours trading.