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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

0.0%

Nov 7 11:47 AM EST

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To: Finder who wrote (14249)	3/5/1998 3:41:00 PM
From: lin huan chen	Read Replies (1) of 45548

-------------------------------------------------------------------------------- Thursday March 5, 2:26 pm Eastern Time Company Press Release RESEARCH ALERT - Day Traders On-Line Starts 3Com Corp. as Buy MONTEREY, Calif--(BUSINESS WIRE)--March 5, 1998--Day Traders On-Line (www.daytraders.com) said Thursday that their Trading Desk editor initiated coverage of 3Com Corp. with a buy rating and set a near term price target of $40 to $42 a share. -- Networking sector has limited exposure to computer and hardware pricing pressures recently seen in market. -- Continued network expansion in Internet and Intranets should continue to improve 3Com's profitability throughout the year, as well as other networking equipment suppliers such as Ascend Communications (NASDAQ:ASND - news) and Bay Networks (NYSE:BAY - news). -- Stock has recently put in "double bottom" at $28 a share level and has now started an up trend which may continue into the $40 or higher range. Attractive from a technical standpoint. -- Near term price target set at $40 to $42 based on chart and company fundamentals. Day Traders would consider 3Com Corp. an attractive buying opportunity at current levels of $36 a share or less (if seen) and would expect continued positive momentum over the next few months to higher levels. For further information on this and other short-to- medium term trading and investing ideas, please visit the company's website at daytraders.com or send e-mail to: info@daytraders.com.

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