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

To: James Calladine who wrote (7944)	4/20/2000 10:08:00 AM
From: Sarkie	Respond to of 8358

Headline: Cabletron (NYSE:CS) to invest, acquire firms in India ================================================================ BANGALORE, India, April 20 (Reuters) - U.S. computer networking company Cabletron Systems Inc (NYSE:CS) is in an advanced stage of making investments and acquiring Indian technology firms, the head of Cabletron's Indian unit said on Thursday. "We are in advanced stages of discussions with at least five to six companies," Uday Birje, Cabletron's country manager for India and the South Asian region, told Reuters on the sidelines of a news conference. "There are discusssions happening right now in the U.S. and the first announcement could come in anywhere between 30 days and three months," he said after Cabletron announced the launch of a new business unit in India. Birje said he could not give more details but said the first announcement would be about either a tie-up with or an acquisition of an Indian computer network services company which has a global reach. "We are looking to invest in at least 10 Indian companies in the next two years...it could be in tie-ups or acquisitions." Cabletron Systems presently has a software development unit in India's commercial capital, Bombay, and marketing offices in Bombay, Bangalore and New Delhi. Birje said Cabletron had recently announced that it would invest up to $100 million over the next two years in India to increase its market reach in the country. "We are working on strategic partnerships and acquisitions for increasing our presence in the country," he said. "We want to make use of the high quality Indian skills for our technology efforts going on in the U.S." +91-80-558-1457, yp.rajesh@reuters.com)) Copyright 2000, Reuters News Service ================================================================

To: James Calladine who wrote (7944)	4/20/2000 11:44:00 AM
From: tim_h	Read Replies (1) \| Respond to of 8358

James, Just wanted to through in my 2 cents in reference to one of your comments. You stated that the market didn't like the last quarter. In my opinion, last quarter and year was great and the analysts liked the company's performance. What they didn't like is the plan for the next couple of quarters. Again my opinion. Piyush did not do enough to sell his vision and clarify what their plans were to give everyone a good level of comfort. It is not that the plan will not be very successful, but he did not spend enough time selling his vision. Some of the analysts sounded confused on the numbers going forward during the question and answer period. Not the right way to end a CC. Since the CC the investor relations page has been updated with a lot of info and they have appointed an analysts relations person. The analyst relations person was established to spend the time required to keep analysts updated on any changes and clarify questions on a very complicated plan going forward. I too think the company does a good job with PR and all the recent action will quickly get ironed.