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 0.00160

0.0%

Jan 2 9:30 AM EST

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To: Scrapps who wrote (10)	6/11/1997 8:37:00 AM
From: Hassell Anderson	of 22053

Scrapps, This has to be one of the longer thread titles I've seen. Anyway, here are some comments on the competition from Briefing.com. Hassell Rockwell International (ROK) 58 5/8 -1 3/4: Cowen & Co. lowers view on electronics, auto and aerospace concern to a "buy" from a "strong buy" recommendation on concerns over modem transitions..... Diamond Multimedia System (DIMD) 6 15/16 unch: modem maker says it expects 2nd qtr revenues to fall shy of analysts' views; also expects to record a wider loss in the 2nd qtr than it did in the 1st qtr. In the 1st qtr, DIMD reported a loss of $0.17 a share on revenues of $112.4 million.. Wall Street was expecting a loss of $0.05 for the 2nd qtr... ASCEND COMMUNICATIONS (ASND) 42 7/16 -5 3/16. Investors are flooding market makers with sell orders after a brokerage firm's comments suggested that the company may be taking a few steps in the wrong direction; at least in terms of near-term shareholder value. These cautious views have sent the stock to the top of the Nasdaq Most Active list, with over 13.5 million shares changing hands. This figure compares to the 6.35 million shares crossed of Tele-Communications Inc (TCOMA 16 13/16 +3/4) to put it 2nd on the Most Active list. This morning's initial downgrade of Ascend shares was made by UBS Securities analyst Nikos Theodosopoulos, who lowered his rating to "hold" from "buy." Mr. Theodosopoulos is concerned that the company may be faced with a material financial obligation related to its plan to offer free customer upgrades to workable 56k modem cards for the MAX and TNT units and the extended duration of the product fix of the modem cards. Investors' reaction to the comments forced SoundView Financial to step in to curtail its losses and to prove that it was also on top of the situation. Analyst Michael Karfopoulos lowered his short-term opinion to "hold" from "buy," while also cutting fiscal 1997 estimates by 12 cents to $1.57 per share. That 7.6% adjustment was accompanied by a 3.4% reduction in fiscal 1998 views to $1.97 a share from $2.04. In spite of the near-term uncertainty, both of the analysts continue to be constructive on the company's long-term prospects, as SoundView maintains its long-term "buy" rating and UBS touts strong demand for the remote access and new GRF product line. Moreover, the UBS analyst said he would review his rating given a better understanding of the potential liability of the free upgrades or after reviewing positive 2nd qtr results.

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