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

To: FNS who wrote (5515)	12/30/1998 11:43:00 AM
From: BWAC	Read Replies (1) \| Respond to of 8358

<< Somebody say something nice!>> Mr. Benson would you please resign and put CS up for sale. It would be a nice gesture. How's that? I think I'm going to devise an exit strategy. This looks to be in complete disarray now instead of just in a somewhat disarray. One more quick trip to 10 maybe? Or I guess start selling some calls to recoup losses. That was just an unbelievably stupid email response I got back from CS. I had to look real close to make sure it wasn't a joke.

To: FNS who wrote (5515)	12/30/1998 3:29:00 PM
From: BWAC	Read Replies (1) \| Respond to of 8358

Anybody know anything about a tender offer on CS from IG Holdings. Seems I got something in the mail from my broker today about IG doing a tender offer to buy up to 2% of the CS shares. Tender was for ONLY $6.375 per share. What the hell is this about? Keeps getting stranger and worse!

To: FNS who wrote (5515)	12/30/1998 11:11:00 PM
From: Pruguy	Read Replies (1) \| Respond to of 8358

sold 1/4 of my original position to offset tax liability

To: FNS who wrote (5515)	1/4/1999 8:48:00 AM
From: Neil H	Read Replies (1) \| Respond to of 8358

FNS No position on CS but watching it on and off for a few months. Analyst from S&P comments - not all bad. S&P analyst Megan Graham-Hackett continues to rank Cabletron Systems (CS) 3. The company posted a fiscal 1999 Q3 operating loss of $0.12 per share vs. EPS of $0.13, wider than the $0.10 loss CS preannounced on December 2. Graham-Hackett says the surprise was caused by higher than expected selling expenses and a lower than expected gross margin of 40% vs. Q2's 47%, and 51% a year ago. Revenue was down 11% vs. Q2, at the low end of CS's guidance to analysts. While she cut her fiscal 1999 and fiscal 2000 EPS estimates by $0.05 each to $0.07 and $0.50, Graham-Hackett sees this quarter as a low water mark. She sees upside from the company's new Smart Switch Router product line-up, and better sales opportunities via a joint selling pact with Compaq. At 18 times her fiscal 2000 EPS estimate, Graham-Hackett thinks the stock is worth holding. Regards Neil