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

To: t36 who wrote (5474)	12/13/1998 9:33:00 PM
From: BMcV	Respond to of 8358

They guided estimates toward a 10 cent loss on revenues of $340 million. It's not pretty but it's not the end of the world either. CS isn't going out of business. Here's the release: Message 6651646

To: t36 who wrote (5474)	12/13/1998 9:41:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 8358

At this point the price of CS pretty much reflects the current operational results(assuming they didn't mislead when they "guided"). The question for anyone holding this stock is whether or not the company will get a new management team in. CS has a history replete with disappointment after disappointment. Of all the major data networking co's they have the worst record for stock appreciation(in their case it always depreciation). Take any period for the past five years and plot the top 10 networking co's. CS is always last... Those results are a tribute to a management team that never learned how to control costs, has a five year record of terrible vision as to where the market and technology was going and has failed to react quickly or competently to their own mistakes.