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To: Vendit™ who wrote (6039)	3/2/1999 8:53:00 PM
From: Vendit™	Read Replies (2) of 41369

Tuesday, March 02, 1999 3Com sees shortfall in 3Q By Larry Dignan March 2, 1999 5:00pm ZDII 3Com Corp. (Nasdaq: COMS) said Tuesday that its third quarter earnings and revenue would fall short of Wall Street's expectations. In what could be another blow to tech stocks on Wednesday, 3Com said it would report earnings of 23 cents a share on sales of about $1.4 billion. First Call's survey of 27 analysts predicted a profit of 36 cents. 3Com said its third quarter shortfall could be attributed to "an unexpected slowdown in the U.S. and Latin American enterprise markets, a weakness in the traditional two-tier distribution channel, and lower than expected PC OEM sales." The company said those factors limited its product shipments into the channel. "While we are clearly disappointed with these preliminary results, they reflect a significant improvement over sales of $1.25 billion and pro forma net income of 2 cents per share reported in the same quarter a year ago," said Eric Benhamou, CEO of 3Com in a statement.

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