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

To: Yujin Maison who wrote (5201)	10/17/1998 9:32:00 AM
From: George Bielski	Read Replies (1) \| Respond to of 8358

Source: cbs.marketwatch.com Cabletron Systems (CS) shares stumbled after it said in the first quarter of fiscal 1999 it posted a loss of $158.1 million, or 97 cents per share. The revision reflects an adjustment in charges for its upcoming acquisition of Digital Network Products Business and Yago Systems, Inc. The total charge for the acquisition is $24.5 million. The computer-network equipment maker also revised earnings estimates for the second quarter of fiscal 1999. The company said it sees a profit of $11.3 million, or 7 cents per share, compared to $14.6 million, or 9 cents reported a year ago. Shares fell 7/16 to 8 15/16. (CORRECTION: In an earlier version of Tech Report we said the company revised earnings for the second quarter of fiscal 1998.)