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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF
COMS 0.001600.0%Nov 26 9:30 AM EST

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To: Moonray who wrote (10012)12/3/1997 12:36:00 PM
From: Dwight E. Karlsen   of 22053
 
H&Q weighs in.....RESEARCH ALERT - 3Com cut to hold

LOS ANGELES, Dec 3 (Reuters) - Hambrecht & Quist LLC cut its rating on shares of 3Com Corp to a hold after computer networking company 3Com Corp said Tuesday it will cut inventory and report second-quarter earnings below Wall Street expectations.

-- cut fiscal 1998 earnings estimate to $0.86 a share from $1.74 a share. Cut fiscal 1998 revenue estimate to $5.6 billion from $6.6 billion.

-- expects the company's channel inventory ''will not be fixed on one quarter'' and the company's standard for 56K modems ''has about a 50 pct chance of going through.''
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