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


To: Bungee who wrote (6250)6/4/1999 9:13:00 AM
From: Winegrower  Respond to of 8358
 
In buyouts often the old ceo retires or leaves within a short time. This action leads me to expect a buyout. New ceo to run this division under a new company. IRS stuff yesterday out of the way, settled, must be done before a buyout, good news.



To: Bungee who wrote (6250)6/4/1999 9:18:00 AM
From: skippy  Read Replies (3) | Respond to of 8358
 
Another Hot Flash from the Skipmaster.....

Sources in Rochester, NH allege that the deal between Celestica and Cabletron is ON HOLD....

Apparently, Celestica removed the Cabletron installed network at the manufacturing facility to install their own system. When upper management (including CB) learned that Celestica was in the process of installing Cisco Routers, all hell broke loose on the upper floor. Allegations are being made that one temper tantrum resulted in cisco equipment being smashed.

Anyways, manufacturing employees that were supposed to be transferred to Celestica have been told the switchover is on hold. Everything in Rochester is supposedly in a state of chaos.

Could this be another reason for CB's suddendeparture???

The plot thickens. Advise all to call IR and ask the status of the Celestica deal ASAP!!!!

Of course for all you Cabletron legal snoops, this post is in my humble opinion only and I make no claims if the preceding allegations are indeed true! Just judge me by the accuracy of my previous posts, please....

Good Luck to ALL!!!

Skip



To: Bungee who wrote (6250)6/5/1999 9:03:00 PM
From: George Bielski  Read Replies (1) | Respond to of 8358
 
All you need for a takeover is an offer, shareholder approval, and a corporate lawyer