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

To: joshi who wrote (2420)	12/2/1997 5:41:00 PM
From: space cadet	Read Replies (2) \| Respond to of 8358

Yeah Briefing is on a truly amazing losing streak. Virtually everything they recommend turns to sh_t. Amazing to so continuously be wrong. And on top of that they have been wrong as well on the market direction. When the market starting sinking in Sept they were bullish. When the market finally started recovering after the crash they were bearish. Amazing. CS is now officially a broken stock. From here on it will be subject to the whims and games of day traders and similar types. It has absolutely lost any of its core supporters. Anyone other than traders who buys cs above 10 is crazy imo. I doubt cs will get above 20 for years, if ever. I think SHVA is a great analogy. Everyone should check out where shva has traded for the last 6 months for an insight into what will happen to cs. One difference is the market cap, cs's is still much too high, but going to 10 will erase another 1/3 of its cap and bring it down to a more reasonable valuation. The question now becomes is CS worth anything to anyone else, like CSCO, LU, or whatever? I'll admit I haven't looked into CS's engineering department but I suspect that like a lot of other US companies in the 90's they had some good technical innovations when they were getting going and since then have pretty much been resting on those original innovations without worrying about the future. Well the future is here.