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: Tom Gebing who wrote (27432)	2/3/1999 11:59:00 AM
From: David Lawrence	Read Replies (2) of 45548

2/3/99 11:10 am... 3COM CORP. (COMS 39-7/8) DOWN 4-1/4, DLJ CUTS ESTIMATES (cont.)... Analyst Stephen Koffler tells salesforce also thinks it will be bit tougher for co. to show flat gross margins in this pricing environment... Now modeling 46.5%, sequential decline of 40 basis points... Adapter cards represent about 20% of COMS's business -- was counting on moderate growth to counteract seasonal declines in Palm Pilot, modems which tend to fall off after holidays... Says factoring in lower pricing assumptions leads to moderate sequential decline of 1% for total co. revenues... Maintains buy... Cuts $1.38 FY 99 (May) EPS estimate to $1.36, $2.05 FY 00 to $2.03./K.Bianco

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