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: Scrapps who wrote (10026)	12/3/1997 1:00:00 PM
From: Moonray	Read Replies (3) of 22053

3Com tumbles after profit warning U.S. Robotics marriage blamed for modem backlog By Binti T. Harvey, CBS MarketWatch Wed Dec 03 12:28:36 1997 SANTA CLARA, Calif. (CBS.MW) -- 3Com Corp. is swallowing bitter medicine to cut excess modem inventory inherited from the U.S. Robotics merger, and analysts say that while the marriage may pay off in the long run, the honeymoon is definitely over. "A lot of the problem stems from the accounting system 3Com inherited from U.S. Robotics." Lieu said. "They'll lose a total of $300 million on modems before its all over." He said 3Com is still making only educated guesses about how much inventory will actually have to be reduced, but he said he expects substantial cuts in the third quarter as well. Although 3Com knew about U.S. Robotics' inventory problem, Lieu said, it is only now discovering the extent. "It's like any marriage," he said. "It seems perfect until you wake up the next day and pull the covers off." cbs.marketwatch.com o~~~ O

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