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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

COMS 0.00130

-67.5%

Nov 7 11:47 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: David Lawrence who wrote (14129)	3/23/1998 7:26:00 PM
From: Moonray	Read Replies (1) of 22053

From Briefing.com: General Commentary Updated for: March 24, 1998 Reversing Friday's trend, the tech sector outpaced the broader market on monday... But this pattern isn't likely to hold as Cabletron surprised the street in two ways... First, it announced earnings a week ahead of schedule... Second, it reported a Q4 loss of $0.04, when the consensus estimate called for a gain of $0.03 to $0.06 (depending on the earnings service)...Prior to the company's warning about a month ago, street had been looking for a gain of closer to $0.20... Product transition problems continue to plague company which is struggling to remain competitive with the likes of Cisco and Bay. Computer Networking Brief: As reported in the General Commentary above, CS reported weaker than expected earnings due to sluggish sales of older products and pricing pressures... Stock was down 1/16 in Monday's trading... Expect modest sell-off in response to the report... Support in the 13 1/2 range... 3Com rallied over one point ahead of its earnings report due out after today's close... Unlike Bay and CS, street betting that COMs problems are behind it... Street looking for a gain of $0.14... Networking industry is subject of this week's StreetBeat (http://www.briefing.com/Schwab/street.htm)... One stock favorably mentioned in this week's report, Ascend, rose 1 1/8 despite being downgraded to underperform from market perform by Adams Harkness. o~~~ O

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next