COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Moonray who wrote (10012)	12/3/1997 11:11:00 AM
From: Dwight E. Karlsen	Read Replies (1) of 22053

Moonray, here's some details on Lehman: RESEARCH ALERT - Lehman cuts 3Com to hold NEW YORK, Dec 3 (Reuters) - Lehman Brothers confirmed on Wednesday it downgraded 3Com Corp and cut earnings estimates for 1998 and 1999 after the company warned late Tuesday its second quarter results would be weaker than expected. -- Cut rating to neutral from outperform. -- Cut fiscal 1998 estimate to $1.00 per share from $2.25 and 1999 estimate to $1.95 from $3.00. -- In a note, analyst Tim Luke said, ''uncertainties remain regarding impact of more inventory cuts, delays in 56K modem standard, outlook for Asian sales and adapters, and pricing issues for lower end systems.'' -- Shares fell 3-5/16 to 32, on heavy volume of 12.8 million shares in mid-morning.

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