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

To: Ian@SI who wrote (5092)	9/22/1998 10:30:00 AM
From: Roy F	Read Replies (1) \| Respond to of 8358

"S&P Cuts Estimate for Cabletron Systems" personalwealth.com S&P equity analyst Megan Graham-Hackett reduced her fiscal 1999 (Feb.) earnings per share estimate for Cabletron Systems CS by $0.04 to $0.42. She says second quarter earnings per share of $0.09 beat Wall Street's mean forecast of $0.08, but flat revenues of $371 million were lower than expected due to seasonal weakness in international sales and a disruption in sales from Digital Equipment due to its integration with Compaq. Graham-Hackett feels that the stock is fully valued at 13 times her calendar 1999 earnings per share estimate of $0.80 and continues to rank it 3 STARS (hold). Get unbiased opinions on stocks in the news every trading day from S&P STARS Picks and Pans.