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: Scrapps who wrote (15345)	5/12/1998 9:12:00 AM
From: Moonray	Read Replies (1) of 22053

Computer Networking - Updated: 12-May-98 Brief: 3Com continued to slide as Cowen & Co lowered its FY98 and FY99 earnings estimates to $0.65 and $1.48 from $0.74 and $1.50 due to slower than expected ramp of V.90 modems, price cuts on fast Ethernet switch product and continued price competition for modems... Despite earnings adjustments, Cowen rates stock a buy... Should be noted that COMS is approaching key support in the 30-28 area... Briefing expects stock to bounce of this floor and return to mid-30s over short-term, low-40s longer-term... Cisco Systems succumbed to profit-taking, falling one point despite news that Cowen reiterated its strong buy rating. briefing.com o~~~ O

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