3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

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Nov 7 11:47 AM EST

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To: Crzy Joe who wrote (14844)	3/24/1998 10:50:00 PM
From: The Vinman	Read Replies (2) of 45548

OK, lets not even discuss inventory or merger problems. The facts are equally as dismal, gross margins DECREASED form 50% to 43%, a pretty steep drop. Did they say these would be improving? NO. Sales decreased sequintally from $621 Mill. to $549 Mill., probably much worse vs. last years same quarter. Margin pressure continues to plague modem business. It was a bad quarter no matter which way you look at it, and Coms offered little to say things would improve. The reason everyone is focusing on inventory and merger problems is because the company talks about little else, trying to hide performance. Vinman

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