COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Scrapps who wrote (10024)	12/3/1997 1:00:00 PM
From: Dwight E. Karlsen	of 22053

The COMS thing is affecting TI: RESEARCH ALERT - Texas Instruments cut CHICAGO, Dec 3 (Reuters) - Rodman & Renshaw Inc said it cut its rating on Texas Instruments Inc to neutral from buy, and reduced its earnings estimates to $2.00 a share from $2.08 for 1997 and to $2.40 from $3.00 for 1998. -- ''Because 3Com/US Robotics is Texas Instruments's largest DSP (digital signal processor) customer, we are concerned about the recent slowdown in that company's modem sales,'' Rodman said in a report. -- 3Com Corp (Nasdaq:COMS - news), a computer networking company, said Tuesday it will cut inventory and report second-quarter earnings below Wall Street expectations. -- ''Modem sales may be slowing because of a lack of industry standards and competition from new technologies (possibly much faster cable modems),'' Rodman said. ''Regardless, this slowdown will most likely result in a slowing of orders and shipments for DSP products, which account for approximately 20 percent of (Texas Instruments's) sales in the fourth quarter. ''

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