I've got more Roger.
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Top Stories: Cisco Gains as Big Merger Indigestion Slows Foes
By Kevin Petrie
Staff Reporter
11/13/97 11:57 AM ET
(an excerpt)
Underscoring recent weakness, 3Com shares were slipping Thursday
morning, trading down 1 5/8 at 29 1/4 at 11:20 a.m. EST amidst a flurry of
analyst estimate reductions. Cisco and Ascend, by contrast, were up.
"3Com's CEO is calling people, telling them they have Asian exposure,"
says one trader.
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Top Stories: 3Com Grapples With Inventory
Problems, Mounting Competition
By Kevin Petrie
Staff Reporter
11/7/97 9:36 AM ET
SAN FRANCISCO -- Investors are handling 3Com (COMS :Nasdaq) stock
gingerly these days, and mounting evidence suggests they have the right
idea.
(further on in the article)
A tenuous low-end foundation exacerbates the risks facing 3Com. It is still
wrestling with bloated inventories at its newly acquired U. S. Robotics unit.
Benhamou explains that USRX had stuffed product into its retail sales
channel in an effort to gain market share. It worked, Benhamou says, and
USRX sold through successfully, but in the meantime lots of gear filled
distributors' shelves. Since 3Com merged with USRX on June 12, the
company has tried to purge excess products in the sales channel and
reconcile different methods of counting inventory levels. |
