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Technology Stocks : USRX
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To: MarkM who wrote (14310)3/1/1997 5:59:00 PM
From: Alec Epting   of 18024
 
I see USRX in the 48 - 50 range. COMS will probably drop to 30 or so. I did expect support for COMS at 33 1/2 but it did not hold. The problem is the market has lost leadership from the tech stocks. INTC and IBM are very weak, MSFT is holding its own but not advancing to new highs. And CSCO, in particular, is floundering. The networking industry must speak with one voice to the customer! There are too many competing standards as I see it and the customers do not want to commit. In the long run, what Intel has done by starting the price war and what 3Com has done with this merger are positive in that it gives customers some much-needed direction as to where the industry is headed.
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