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March 25, 1997updated 05 Sep 2016 12:54pm


By CBR Staff Writer

Cabletron Systems Inc, Rochester, New Hampshire, saw its shares put on more than a point against the trend yesterday after fiscal fourth quarter profits met expectations. The shares rose $1.25 to $30 in early trading Monday. The company reported record fourth quarter sales of $380.6m, a 26% increase on the same period last year, as it added resellers and took on Ingram Micro Inc. We are extremely pleased to announce our 32 quarter of consecutive record growth, the strongest and steadiest earnings growth rate among all S&P 500 companies, Cabletron president and chief executive Robert Levine said.

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