COMS/USRX 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/USRX

COMS 0.00130

0.0%

Nov 4 10:50 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jeffery E. Forrest who wrote (1229)	4/16/1997 6:01:00 PM
From: Jeffery E. Forrest	of 1384

3Comsays revenue growth may trail industry Reuters Story - April 14, 1997 16:26 FINANCIAL DPR US RESF COMS CSCO INTC V%REUTER P%RTR SANTA CLARA, Calif., April 14 (Reuter) - 3Com Corp said in its quarterly report that it could see slower revenue increases than the rest of the networking industry because of falling prices and weaker demand for computer networking gear. 3Com, the second-biggest networking equipment maker after Cisco Systems Inc , is facing increasing pressure as Intel Corp makes more low-priced networking equipment for PCs and as Cisco expands its lead in gear for high-end networks. In addition, most companies have completed building their computer networks, and are buying less gear. "Based on recent softening of demand for networking products and competitive pricing pressures, 3Com anticipates that its results may fall below (the 30-50 percent revenue growth rate of the rest of the industry) in coming quarters," the company revealed in its 10Q filing with the Securities and Exchange Commission. In its fiscal third quarter ended February 28, revenue rose 28 percent to $786.8 million. In previous quarters, the revenue increases were at least 40 percent.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next