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

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Nov 7 11:47 AM EST

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To: Glenn D. Rudolph who wrote (10291)	12/8/1997 5:15:00 PM
From: Moonray	Read Replies (3) of 22053

RESEARCH ALERT - 3Com (COMS.O) upgraded NEW YORK, Dec 8 (Reuters) - J.P. Morgan said on Monday it raised its rating on shares of 3Com Corp to buy from market perform and set a 12-month $50 per share target price. -- Last Friday, 3Com and its competitors Lucent Technologies Inc (LU.N), Motorola Inc (MOT.N) and Rockwell International Corp (ROK.N) said they were starting to come to a consensus decision about a 56K modem standard. -- Analyst William Rabin said this was good news for 3Com, and modem standard would help spur sales of 56K modems and Total Control remote accesss concentrators, while alleviating some pressure 3Com is seeing in channel inventory. -- "Intel Corp (INTC.O) appears to be less of a threat, channel inventories are coming down and visibility on the issue is improving, a 56K modem standard is now more likely to be approved in early 1998 and a strong product cycle should help fuel the company's top line growth," he said. -- Stock up 1-11/16 to 38-1/8. ((New York Newsdesk 212-859-1610)) REUTERS Copyright 1997, Reuters News Service. All rights reserved. Replication or redistribution of Reuter's content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. nasdaq! Hmmmm, seems like only last week we had downgrades.<g> o~~~ O

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