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

To: Doug who wrote (5940)	4/23/1999 12:43:00 AM
From: Captain James T. Kirk	Read Replies (2) \| Respond to of 8358

CSCO rumor true ? Maybe. I am up over 1 point in 2 days. Not bad for a dog stock. I think CS is up to something this time. Any recent technical signals ??

To: Doug who wrote (5940)	4/23/1999 10:00:00 AM
From: George A. Roberts	Read Replies (1) \| Respond to of 8358

Doug, I am actively selling covered calls on Cabletron. Yesteday my order filled on my most recent sale. I sold 10 June calls on CS with a strike price of $10 for $.6875. This latest call sale has reduced my cost on CS to $8.20 per share. If it hits 10 I can either let it go or buy back some or all of the options position to close out the position. If the stock stays at current levels I will either just say enough and throw in the towel or write more calls at the end of June expiration. I am unsure of whether this company will make it on its own. I like the new commercials , but they are up against Cisco and nobody has been able to really compete too successfully against that giant...I am a former Bay shareholder who went through something similar with Bay before Nortel bought them. I do not believe Bay was ever as far down as Cabletron. I also think we (Bay) would be exactly where CS is if not for the merger. George