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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: Steve G. who wrote (11163)	12/2/1997 5:57:00 PM
From: DRRISK	of 45548

Steven, 3Com sees stock price tumble after the bell December 2, 1997 05:21 PM NEW YORK, Dec 2 (Reuters) - 3Com Corp COMS saw its stock price drop nearly five points in after-hours trade Tuesday after the computer networking company warned it will cut inventory and report second quarter earnings below Wall Street expectations. Traders said 3Com stock traded at 30-5/8 once it was released from a Nasdaq halt. The stock closed at 35-5/16, traders said. 3Com's warning sent ripples through the computer networking industry, with Cisco Systems Inc CSCO dropping to 85 after closing at 86-1/2. REUTERS -------------------------------------------------------------------------------- Following are Reuters Alerts related to this article -------------------------------------------------------------------------------- ALERT 3COM TRADES AT 30-5/8 AFTER-HOURS, FROM 35-5/16 CLOSE - TRADERS REUTERS DrRisk

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