Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Samuel Wayne Turner who wrote (42913)	5/19/1999 11:47:00 PM
From: kathyh	Read Replies (1) \| Respond to of 90042

excerpt from thestreet.com article posted this morning... seems to indicate that something will happen soon... also points out that cs is undervalued compared to others in the industry... i will keep my fingers crossed for something next week rather than july!! thanks for all your good posts on cs, samuel!! afci and asdv did real well today, too... you had a fantastic day!! kathy :) He figures Cabletron, which rose 1 3/8 yesterday to close at 12 9/16, is worth $20 per share based on market valuations of comparable companies. Others think it could be considerably higher. It depends on what Benson really wants to do. As Cabletron's biggest investor, with 19 million shares, it would appear he would want to do something, and do it soon. "He wants some money, and I imagine he knows this is not an industry where longevity is a big benefit," Tobia says. "The writing is on the wall." However, Wall Street isn't yet convinced he will do the right thing. The stock has leapt around 35% since Benson spoke April 28. But it's still a far cry from its highs in the mid-40s in 1997. "People have taken a so-what attitude because [Cabletron is] losing the fight against Cisco (CSCO:Nasdaq) and Lucent (LU:NYSE)," says one skeptical money manager who's long Cabletron. He isn't convinced Benson is willing to part with the company. One thing is clear, though: The number of large, free-standing networking companies is shrinking, leaving fewer networking companies to buy. What's uncertain is whether Benson will know a seller's market when he sees it.