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Technology Stocks : 3Com Corporation (COMS)

COMS 0.0001000

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Jan 23 9:30 AM EST

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To: Martin Milani who wrote (11679)	12/5/1997 7:35:00 PM
From: Mang Cheng	Read Replies (1) of 45548

"FACE-OFF: IS THE WORST OVER FOR 3COM?" Take this week's exploration of 3Com's (COMS) prospects. "I can't wait to see what insights he's got," said BancAmerica Robertson Stephens analyst Paul Johnson when informed his debate partner would be 3Com bear Peter Lieu Adams of Harkness & Hill. "Let me tell you about that guy's record," responded Adams. "He had a Buy on the stock when it was at 50, and downgraded it when it fell to 40." Maybe extreme volatility just brings out the best in people. 3Com has certainly dished up plenty of that over the past year. Our question was whether the No. 2 networker stands to rebound after it announced it would miss analysts' projections for earnings and revenues in its second quarter. 3Com said that an inventory glut in its modem business -- acquired last spring with its purchase of U.S. Robotics -- would shave $400 million off sales and reduce quarterly profits to four cents a share from projections of 42 cents. smartmoney.com Mang

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