RACE Message Board - Msg: 781586

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Technology Stocks : RACE

RACE 378.13

+0.5%

Dec 26 9:30 AM EST

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To: Carlos Fung who wrote (103)	2/7/1997 12:48:00 AM
From: Eric N	of 130

In keeping with an already weakening networking market, CISCO SYSTEMS INC. (CSCO: 65-3/8, - 1-3/4) shares faltered early Wednesday after it reported late Tuesday fiscal second quarter earnings of $0.49, $0.01 below the First Call consensus estimate. Shares of computer networking stocks moved lower on fears of a softening market. Today, Deutsche Morgan Grenfell analyst Noel Lindsay cut his earnings and revenue estimates on 3COM CORP's (COMS: 58-3/8, - 3-5/8) current quarter and the 1997 fiscal year but reiterated his buy rating on the stock. The estimate cut appears to have impacted XYLAN CORP. (XYLN: 21-1/4, - 7-1/4), which is down sharply today after reporting earnings that met estimates on Monday. Industry watchers are keenly awaiting this afternoon's 2Q report from bellweather CISCO SYSTEMS (CSCO: 66, - 2-1/4) for further signs that the rapid growth this industry has seen for the last few years may be slowing. See Full 3Com Story at merc.com.

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