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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Mang Cheng who wrote (11106)	12/2/1997 4:29:00 PM
From: Roader	Read Replies (1) of 45548

3Com Corp./Inventory -2: Analysts Put 2Q Net At 44c/Shr Dow Jones News Service via Dow Jones SANTA CLARA, Calif. (Dow Jones)--3Com Corp. (COMS) forecast a "slight profit" for its second quarter on revenue of $1.22 billion to $1.24 billion after it moved to cut inventory levels and keep them lower in the future. Thirty-three analysts surveyed by First Call Inc. had expected the maker of modems and computer networking products to earn 44 cents a share for its second quarter ended last month. 3Com said the new model "necessitates planning for further modest inventory reductions in the company's modem and systems businesses" during the third quarter. Achieving the planned reductions "would complete the convergence to the new inventory model and ensure alignment with channel partners," 3Com said. (MORE) DOW JONES NEWS 12-02-97

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