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Technology Stocks : USRX
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To: damniseedemons who wrote (7725)1/8/1997 8:59:00 AM
From: Xpiderman   of 18024
 
Shiva's been losing ground to Ascend and U.S. Robotics Corp., which has expanded from modems to networking gear, said an analyst who asked not to be identified. The stock began breaking apart in mid-June, topping at 87 1/4 after quadrupling over the previous 12 months. Shiva had been one of the market's top earnings performers. Profit in the September quarter surged 217%.

In after-hours trading, Shiva Corp. slumped to 28, down 6 7/8 from its 34 7/8 close. Fourth-quarter earnings will fall as much as 66% to five cents a share, the networker warned after the closing bell. The Street was looking for 21 cents.

Also, a report on PCWeek said ASND will license USR's X2 technology later in 1997, and Lucent has been talking to USR about x2 technology.

Xy
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