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

To: ralph keating who wrote (8797)	11/7/1997 10:53:00 AM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 22053

COMS downgraded today: 3Com COMS BA Rbtsn Stphns - downgrade from Buy¯ to LT Attractive These guys' timing is exquisite. Where were they when COMS was 55? Now they downgrade at 38.

To: ralph keating who wrote (8797)	11/7/1997 12:45:00 PM
From: dougjn	Read Replies (2) \| Respond to of 22053

You are not getting it. Coms isn't selling modems. Nobody is buying 56k modems. Nobody will buy 56k modems. Phone lines don't go faster than 33.6, generally. This news is just dawning on people. As full implications sink in, stock will continue to sink. And it is the end of the line for the product line. The acq. of USRX is increasingly looking like a lousy, overprice, move. And then there is tax selling season for the looser, just about to heat up. I got out of my last part of this one earlier this week. Doug

To: ralph keating who wrote (8797)	11/7/1997 1:06:00 PM
From: simonds	Respond to of 22053

Out of control CEO? I don't think so. IMO, he's fighting the stuffed inventory and back-end loaded ghosts head on. It's a vicious cycle to be in; your material cycle is all screwed up and your pricing structure is held hostaged by smart customers who'll just wait for you to beg for orders at the end of the quarter. Like drug, it's a nasty habit to stop - look what happened to asnd. I say this assuming modem business is still healthy. Eric will not take the step unless he sees that other products can pick up the slack. Simonds.