Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Ritter who wrote (4506)	7/20/1998 1:53:00 PM
From: Harold S.	Read Replies (4) \| Respond to of 8358

I have been away from the CS thread a few days..can't believe so much discussion and flaming going on here. I am pasting a copy of my private message to Starpopper below for the thread's evaluation. Maybe Skippy can look into some of the info. I agree that the info is vague but I, personally, believe my source to be sincere. How accurate he is..who knows..so take it as another tool to evaluate. As much as the Captain and I have tried to contribute to the thread in the past I found it very disappointing that some new thread members would just start flaming us. I am watching Cs very carefully for a full re-entry to my 100% level..in the meantime..it is my opinion it will flounder for a while..up and down..and then sink well inot the 11's when the first sign of a market correction occurrs. I hope I am wrong for ever long on the thread's sake and for the position I do have..but I am being objective until we get closer to earnings. Here is what I know. A source who had told me in the past that a firm he works for was buying CS has called me and told me to dump what I have. He told me that buyout talks have "broken off because he is being unreasonable." I can only assume the "he" is Benson. He further told me that a "big contract" CS was working on has "fallen through." And finally, he told me that CS would have coverage initiated at a hold level by another major broker in the near future. This third item came true literally the next day I believe. I have no reason not to believe him as he seems to have gained credibility with one of the three items and we know from the shareholder's meeting that Benson is hard headed about takeover prices and we also know that they were working on that CPQ contract. Therefore, I have to believe my source...who, by the way..indicates to me that CS is still a good turn around play but should be dead money till at least September when earnings are released and possibly even into the following quarter. I have to be honest and say I may well jump back in CS if the market tanks and I can get it for 11 1/2 or less on a general pull back or back in when we get real close to next earnings and there is a pull back. Otherwise there are countless oil drilling stocks right now whose only fault is that they are in a sector that is beaten down and which will rise this fall/winter. Check out MDCO and UTI and happy hunting.

To: John Ritter who wrote (4506)	7/21/1998 5:01:00 PM
From: BMcV	Respond to of 8358

John, <<CS has been a disappointment on the upside, but I bought CS expecting the techs to sink and so preserve my capital. I bought for the turnaround.>> Looks like today proved you have the right strategy. Holding CS is like owning a bear-market hedge fund! Here's evidence Cabletron at least thinks they have a future, from the Boston Globe on 7/11: "Cabletron Systems has leased 151,800 square feet at Brickstone Properties' 50 Minuteman Drive in Andover (Ma). The building is part of the 154 acre Minuteman Park. Cabletron makes high-performance computer networking products."