3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: chenys who wrote (16907)	6/4/1998 8:15:00 PM
From: joe	Read Replies (2) of 45548

ATTENTION THREAD! We could have a possible extraneous event enterfering with COMS's work. from Briefing.Com Motorola Inc. (MOT) 51 1/2 +11/16: semiconductor and cell phone equipment maker is warning that Q2 results will come in well below Wall Street expectations; in fact, it could post a loss in Q2 due to deteriorating semiconductor conditions, global pricing pressures, and weak economic conditions in Asia; expects to take a $1.95 bln pre-tax charge in Q2 and shed non-strategic operations; according to First Call, MOT was projected to earn $0.20 a share in Q2 vs year-ago profit of $0.62..... I'm not that up-to-date with MOT. Will this be a big surprise to market? Will they think that tech sector still has serious problems and needs to be devalued more? Or will market think it's being too complacent about Asian problems and we need another round of fear = lowering earnings estimates? Or is this standard MOT screw-up and nobody is surprised? Therefore, market will interpret this as company specific problem rather than entire market problem? Anybody have any thoughts?? I do remember a few months ago (or longer), that MOT preannounced and the market was in the doldrums for about a week....(foggy memory, might have been in '97)

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