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

To: BWAC who wrote (5359)	12/2/1998 9:54:00 PM
From: FNS	Read Replies (2) \| Respond to of 8358

BWAC: My frustrations: ............................................... Mail sent to financial@cabletron.com: Subject: Company Earnings Warning From: Ferdinando N. Spallone <heavenly@erols.com> President Craig Benson, As a stockholdeder (19,000 shares, 2,000 of which were purchased today just prior to closing), I am dismayed to read that just 20 days prior to QTRLY earnings announcement that CS is expeced to report a loss of $ .10 (excluding charges). --- The expectation was for a profit of $ .11!!! I have been a stockholder for many years and have been expecting to finally see the return of this company to profitability...but it appears that 20 yards (days!) to touchdown YOU have fumbled the ball! I find this NOT ACCEPTABLE! Perhaps SOMEONE else should be carrying the ball??? While you may cite many reasons for this surprising setback, please understand that while CS is making inroads to compete technologically with peers, CS (you) MUST be prepared to make business decisions based upon informed short term and long assessments and impact to the shareholders. This means that your job is to run the business based on risk vs reward, to set and accomplish previously identified GOALS on tme, and to apprise your stockholders acordingly - particularly, if any surprises pop up. While it appears that CS products are now getting more 'press' and winning awards, the Company is in my opinion still perceived by the 'street' as a dinosaur! particularly from a business perspective! I believe that when you took over you said that your goal was to get CS stock up to 31 in 18 months,,,the stock is 10 3/4 in after trading, a far cry from 31. Now I ask you: "What is YOUR goal for this company, both Short and Long term!" While the 'street' would like to see a great forward looking statement, I suggest you make it realistic and put your job on the line. Mr. Benson, it's time to fish or cut bait! Unfortunately, I, too, will have to make that decision -- to persevere as stockholder and voice my concerns, or bail out. Best regards in this endeavor, xxxxxxxxxxxxxxxx(name,adress and telephone number)xxxxxxxxxx FNS