Thread: I plucked this paragraph out of the BUY recommendation for 3Coms
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" - Continued network expansion in Internet and intranets should continue to improve 3Com's profitability throughout the year, as well as other networking equipment suppliers such as Ascend Communications (NASDAQ:ASND) and Bay Networks (NYSE:BAY)."
The full piece for those interested in 3COMS and the relevance of the INTEL story to the networkers is as follows:
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RESEARCH ALERT - Day Traders On-Line Starts 3Com Corp. as Buy
BusinessWire, Thursday, March 05, 1998 at 14:42
MONTEREY, Calif--(BUSINESS WIRE)--March 5, 1998--Day Traders
On-Line (www.daytraders.com) said Thursday that their Trading Desk
editor initiated coverage of 3Com Corp. with a buy rating and set a
near term price target of $40 to $42 a share.
-- Networking sector has limited exposure to computer and hardware
pricing pressures recently seen in market.
-- Continued network expansion in Internet and Intranets should
continue to improve 3Com's profitability throughout the year, as
well as other networking equipment suppliers such as Ascend
Communications (NASDAQ:ASND) and Bay Networks (NYSE:BAY).
-- Stock has recently put in "double bottom" at $28 a share level
and has now started an up trend which may continue into the $40
or higher range. Attractive from a technical standpoint.
-- Near term price target set at $40 to $42 based on chart and
company fundamentals.
Day Traders would consider 3Com Corp. an attractive buying
opportunity at current levels of $36 a share or less (if seen) and
would expect continued positive momentum over the next few months to
higher levels. For further information on this and other short-to-
medium term trading and investing ideas, please visit the company's
website at daytraders.com or send e-mail to:
info@daytraders.com.
CONTACT: Day Traders On-Line, Pacific Grove, Calif.
Ray Johns, 408/649-4545
info@daytraders.com
daytraders.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS COMED
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
Copyright 1998, Business Wire
Companies or Securities discussed in this article:
Symbol Name
NYSE:BAY Bay Networks Inc
NASDAQ:ASND Ascend Communications Inc
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Victor |
