3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00160

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Nov 26 9:30 AM EST

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To: joe who wrote (27588)	2/4/1999 11:06:00 AM
From: Edwarda	Read Replies (1) of 45548

Joe, there is some added nuance in the Prudential downgrade. In addition to the usual poor visibility for networking products sales because of back-end loading, the analyst says that his own channel checks are indicating slower than expected sell through. This suggests to him that it could be more difficult than usual to close business at the end of the quarter. He makes it clear that he thinks the outlook brightens past this quarter. However, he points out that the lack of visibility makes it unclear what the base of sales will be going into the May quarter. His 12-month target price is $47. His previous rating was Accumulate (Buy on weakness).

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