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

To: md1derful who wrote (7623)	2/12/2000 10:45:00 AM
From: unctarheel	Read Replies (1) \| Respond to of 8358

AP Financial News at 3:10 p.m. EST Associated Press Online - February 11, 2000 15:09 Friday, Feb. 11, 2000 Cabletron To Split, Spin Off ROCHESTER, N.H. (AP) - Cabletron Systems Inc., a maker of network hardware, will split itself into four divisions that it plans to spin off as separate companies within the year. The Rochester company announced late today it will become a holding company starting March 1. Cabletron will distribute shares in the new operating companies to shareholders, said spokesman Michael Quinn. Cabletron employs 4,500 people worldwide, including 2,100 in New Hampshire. Quinn said the company has not yet decided how many people each will employ once the plan takes effect.