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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (7234)	10/22/1997 3:11:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 22053

Who can say for sure. I think it's improbable that everyone read the Forbes piece at once, and decided it's bad for COMS. If you look on the intraday chart for COMS, the dropoff was fairly abrupt and steep. I would say the drop could also be related to our good ol' pal Intel teaming up with Cisco to build cable modems. When the two biggest guys on the block team up to sell something you had your own plans of selling (indeed, COMS has already developed and reported orders for their own cable modems). Cable modems are certainly nothing new, but mainly the MSFT interest in investing a billion here (Comcast) and a billion there (TCI) to get cable moving is causing people to latch on to the idea that cable modems are going to be at the front of the race when we cross the year 2000 milepost. It's just a horse race, and today people perceived that INTC and CSCO made a dive to pass on the inside of a corner. Tomorrow will be a new day. In my area, US West was just sternly rebuked by the Public Utilities Commission of Oregon for being 1-2 months behind in installing new phone lines. This has happened before (being rebuked by PUC), and as usual they were simply told that "you had better improve, or face penalties". Yada yada yada. US West took over 2 months to install my own primary line when I bought a new house, and that was almost 3 years ago. So, the phone companies don't change, and this doesn't bode well for ISDN & xDSL. The cable companies have been less than aggressive about rolling out [cable] internet also, but the thinking is that with MSFT hovering in the background (after providing $1-2B to get things moving), maybe the cable companies will show some genuine interest in the internet. My 2 cents is that I would back the MSFT horse also. With that in mind, I just hope 3Com can hold their own with their cable modem products. DK