Cabletron Systems ranked as tenth fastest growing company by an exclusive U.S. News & World Report ranking.ROCHESTER, N.H.--(BUSINESS WIRE)--June 27, 1995--Cabletron Systems Inc. (NYSE NYSE See: New York Stock Exchange : CS) announced today the company has been recognized as the tenth fastest growing company since 1991 according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an exclusive U.S. News & World Report U.S. News & World Report Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948. ranking of the top twenty- five performers during the economic expansion period of the last four years. U.S. News accomplished the rankings by examining the financial records of more than 4,600 public corporations between 1991 and 1994 including average annual growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. for sales and net income and average return on equity. Cabletron's tenth place ranking was warranted by the company achieving an average sales growth rate of 49.07 percent, an average net income growth rate of 49.17 percent and an average return on equity of 27.78 percent. "Cabletron is very proud of this ranking especially after reporting record earnings earlier this month for the twenty-fifth consecutive quarter," said S. Robert Levine, president and chief executive officer of Cabletron Systems Inc. "We look forward to continuing our tremendous growth and achieving more company milestones as we continue to be a technological leader in the internetworking market." With its tenth place ranking in the top twenty-five, Cabletron ranked higher than other notable high-tech companies that made the list including Microsoft at number 18 and Intel at number 24. In addition to this ranking, Cabletron has recently been added to the S&P 500, hired its 5,000th employee, and recorded its twenty- fifth consecutive quarter of record earnings while reporting net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $240.8 million and net income of $73.6 million for the first quarter that ended May 31, 1995. Cabletron Systems Inc. was first listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. in May, 1989. Since going public the company's revenue performance has grown from $105 million in FY 1990 to $811 million in FY 1995. During that time, the company has experienced record growth in the computer networking industry. Headquartered in Rochester, N.H., Cabletron employs more than 5,000 people in over 80 offices around the world. The worldwide modular hub market leader-(a), Cabletron is ISO- iso- or is- pref. 1. Equal; uniform: isobar. 2. Isomeric: isopropyl. 3. 9001 certified. Cabletron develops, manufactures and markets Ethernet, FDDI (Fiber Distributed Data Interface) Often pronounced "fiddy," it was a LAN and MAN access method that had its heyday in the mid-1990s. FDDI was an ANSI standard token passing network that transmitted 100 Mbps over optical fiber up to 10 kilometers. , Token Ring and ATM internetworking products based on its Synthesis product framework. Cabletron directly services more than 70,000 customer sites around the globe and provides 7 x 24 support coverage, with free phone support during normal business hours BUSINESS HOURS. The time of the day during which business is transacted. In respect to the time of presentment and demand of bills and notes, business hours generally range through the whole day down to the hours of rest in the evening, except when the paper is payable it a bank or by a . A component of the S&P 500 index, Cabletron's common stock is traded over the New York Stock Exchange under the symbol CS. The company recently reported record revenue of $810.7 million and earnings of $162 million for the fiscal year 1995. -0- -(a) Source: Dataquest Inc.; February 1994 Cabletron's World Wide Web site can be reached on the Internet at http://www.ctron.com CONTACT: Cabletron Systems Inc., Rochester Christian Simko, 603/337-1329 e-mail: simko@ctron.com |
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