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

-18.8%

Nov 7 11:47 AM EST

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To: joe who wrote (14222)	3/25/1998 2:06:00 AM
From: Scrapps	Read Replies (3) of 22053

3Com (COMS) faces a rude awakening Wednesday after posting third-quarter results well below expectations. 3Com profit falls short By Binti T. Harvey, CBS MarketWatch Tue Mar 24 17:38:16 1998 The network equipment maker recorded net income of 2 cents a share excluding a gain from its merger with U.S. Robotics. The results fell substantially short of the consensus estimate of 14 cents a share, as well as year-ago earnings of 45 cents. Revenue decreased to $1.3 billion from $1.5 billion in the third quarter of 1997. Ahead of the report, the stock surged in the wake of positive comments about the company's inventory management. Shares closed up 2 1/8 at 37 1/4.

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