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To: signist who wrote (33870)	6/28/2001 1:34:45 PM
From: signist	Read Replies (1) \| Respond to of 42804

Riverstone, Riverstone, Riverstone......Where is CWNT and ZUMA? Is Cabletron Back? -------------------------------------------------------------------------------- Cabletron Systems Inc. (NYSE: CS - message board) projected a beam of optimism to the cloudy telecommunication and networking industry outlook with glowing first quarter earnings and revenues. Cabletron? Yes, Cabletron. The N.H.-based company, a one-time high-flying networking company that crashed and burned in the mid-90s and was then reconfigured as a spinout shop, is finally regaining some momentum. In earnings announced Wednesday night, the company matched analysts’ estimates with pro forma earnings of $14 million, or 8 cents a share, on $311 million revenues for the quarter ending June 2. Earnings grew sequentially from $11 million, or 6 cents a share, from the previous quarter but were flat with last year’s first quarter. Revenues grew 9 percent sequentially from $286 million the previous quarter and 13 percent from $275 million a year ago. In an analyst conference call after Wednesday’s market close, company officials said they expect revenues to climb to the $320 million to $330 million range in the second quarter. Despite the continued slowdown in corporate and carrier spending, the telecommunications and networking holding company is making a strong showing on several fronts. It is basking in recent good news from Riverstone Networks (Nasdaq: RSTN - message board), in which Cabletron holds an 85 percent stake. Riverstone on Wednesday announced a large contract with Korea Telecom to provide products for last-mile Ethernet access, its latest deal in a string of recent major customer wins. Last week, Riverstone reported better than expected revenues and earnings. Cabletron plans to distribute its Riverstone stock to Cabletron shareholders by early August. Meanwhile, Enterasys, Cabletron’s subsidiary that serves the corporate enterprise market, is consistently gaining market share, according to UBS Warburg analyst Michael Weintraub in a Wednesday report. The unit’s revenues grew 32 percent from a year ago and already account for three quarters of Cabletron’s revenues. Former customers who became disgruntled with the company years ago are gradually returning to the newly restructured unit because of its competitive advantages. Enterasys officials project sequential growth of about 3 percent to around $240 million for the second quarter. CEO Piyush Patel expects to spin off Enterasys as an independent public company in August. Weintraub and other analysts believe the spinoff would further help secure its success in the enterprise market by insulating it from lingering negative associations with Cabletron. And, of course, Cabletron shareholders would be the biggest beneficiaries of a successful spinoff. Cabletron also expects to spin off Aprisma, a provider of management software for corporations and service providers, by year-end. Regarding its fourth subsidiary, GlobalNetwork Technology Services, Cabletron plans to announce a sale or disposition by July 16. Weintraub predicts Cabletron will increase revenues 35 percent in the 2002 fiscal year, which runs through March 31, 2002. He rates Cabletron a “buy” and has a $22-per-share 12-month price target. In early morning trading on Thursday, shares of Cabletron traded up 1.92 (9.91%) at 21.30. Cabletron stock is now up 110 percent from a low of 10 hit in April of this year. - Tom Davey, special to Light Reading lightreading.com lightreading.com correction of my last post "companies" should have been "company's" just for the record. (g)

To: signist who wrote (33870)	6/28/2001 1:56:02 PM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

<<Please don't say are they responsible for present market conditions. Let's put that aside...Where are some contracts to sell something.>> it's the current economic condition that has caused the present market conditions.... neither of which could i begin to blame the management of any single company for dealing to us....can you? didn't hear anyone bitching about management when the stock was going in the other direction. look, anyone can sit here and look in the rearview mirror. heck, we can all sit down after a football game and play monday morning qback.... if i'm holding the stock, didn't sell any when it was higher, and on top of THAT dislike management... gee, how can i place the blame anywhere buy on ME? (btw, that's not directed at you, but just in general) oh, and thanks for the negative post, b/c it IS time to get the stock moving again.... <G>