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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Tech Me Home who wrote (10055)	11/12/1997 10:54:00 AM
From: Mike Denman	Read Replies (3) \| Respond to of 45548

3Com (COMS) 35 1/8: Morgan Stanley lowers 12-month price target from $65 to $48 and lowers fiscal year 1998 earnings estimate from $2.30 a share to $2.05; also cuts 2Q net to $0.46 from $0.53, 3Q net to $0.52 from $0.60 and 4Q net to $0.59 from $0.69 a share... From $65 to $48 after the stock tanks. Morgan Stanley is sure demonstrating it's "leading the market knowledge." That is meant to be a joke. A doctor buries his mistakes. A stockbroker makes another commision. Before buying COMS wait for a sign the decline has stopped. Right now it is still in freefall.