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Technology Stocks : Crosscomm

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To: Joyan X who wrote (3)	10/2/1996 7:42:00 PM
From: William R. Koss	of 30

Joyan X, CrossComm is facing many challenges that it may not be able to overcome. The market share and installed base continues to erode and they cannot seem to maintain a coherent product strategy. The company went public on its Token-Ring bridge product. It was only bridging company to migrate into a router company, but it was late to the market and fell behind Cisco and Wellfleet. In the process the company tried to become a Ethernet switching company, then an ATM player, while abandoning its base to the Token-Ring switching players. Recently the company has decided to focus on Token-Ring to ATM, but it is just about over for CrossComm. They are struggling to keep customers and employees. The largest shareholder is the founder and Chairmen of the Board. There are 8.9M shares public, the company has $40M in cash and has lost money for the last 8 quarters..I suspect that the price will continue to fall to about $4 per share. William R. Koss

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