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


To: William Grady who wrote (4766)8/17/1998 9:39:00 PM
From: Doug  Respond to of 8358
 
W.G: A better sense of valuation under conditions of losses is P/S.
Currently CS has a P/S of 1. This is remarkable,as annual sales are still over $1b. Either the current price is undervalued or else CS's technology is considered outmoded leading to large declines in sales in future.

I would lean towards undervaluation but others may choose otherwise. After all this is what makes a market.!