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

To: Wigglesworth who wrote (9164)	11/13/1997 7:21:00 PM
From: Glenn D. Rudolph	Respond to of 22053

Alert: Tech, bank issues pace rebound United Press International - November 13, 1997 18:52 %FINANCIAL %STKS %MOVERS V%UPI P%UPI NEW YORK, Nov. 13 (UPI) - Technology and financial issues paced the market's rebound in choppy trading Thursday, while others reacted to earnings news. Compaq Computer Corp. topped the Big Board actives, jumping 4 1/4 to 62 1/4. Among other technology issues, Texas Instruments Inc. bounced back 3 3/4 to 97 1/2, Motorola Inc. climbed 1 7/16 to 62 3/4 and Advanced Micro Devices Inc. jumped 1 3/16 to 21 1/8, while Dow components IBM Corp. regained 2 1/2 to 99 1/8 and Hewlett-Packard Co. rose 1 5/16 to 60 1/16. On Nasdaq, Intel Corp. climbed 3 to 77 15/16, Microsoft Corp. regained 2 3/8 to 131 9/16, Dell Computer Corp. jumped 5 1/16 to 77 1/16 and Sun Microsystems Inc. rose 5/8 to 32 3/8. Among the NYSE-traded financial issues, Dow components J.P. Morgan & Co. rose 1 1/4 to 110 5/8, Travelers Group Inc. added 11/16 to 69 5/8 and American Express Co. edged up 3/8 to 77 3/4. Citicorp rose 1 7/8 to 118 1/4, Wells Fargo & Co. gained 4 13/16 to 280 9/16 and BankAmerica Corp. climbed 1 1/2 to 71 3/8. Even Chase Manhattan rose 1/2 to 107 1/4. Chase was down earlier after announcing a loss of about $160 million in its trading revenue in October. It also said that as a result of the ongoing uncertain market environment, it will unlikely ''achieve its previously announced 1997 target of 15 percent annual growth in operating earnings per share.'' Kmart Corp. fell 9/16 to 12 7/8. Although its third-quarter earnings rose to 4 cents a share from last year's 2 cents, the retailer said its gross margin was ''below plan.'' Kmart also announced it is offering early retirement to nearly 30,000 hourly workers - or about 11 percent of its work force - as part of a cost-cutting effort. Meanwhile, CIT Group Inc. closed at 30 on its initial trading on the Big Board. The 31.5-million-share offering of the New York-based commercial and consumer financing company was priced at $27 a share. Its stock trades under the symbol CIT. -- Copyright 1997 by United Press International. All rights reserved. --

To: Wigglesworth who wrote (9164)	11/13/1997 8:19:00 PM
From: Scrapps	Read Replies (1) \| Respond to of 22053

>>>The analyst therefore believes that while U.S. Robotics will have "a larger share of a smaller market" as long as there is no standard, the company will have "a lower share of a larger market" once a standard is reached.>>> Is that why they call them ANALysts? And Duran expects the company's new double density hyper access cards, which have twice as many modems in the same amount of space, to be very popular with Internet service providers. Wouldn't that be a help to modem sales? The analyst added that many ISPs are upgrading to 56K modems because their customers are asking for the faster technology. It's my understanding that USR x2 modem sale have 69.2% of the market (big part of the little market...I guess). This has to be a good indicator of what will occur once a standard is in place. Looking at 3Com's stock, Duran maintained that the shares are underpriced since they are trading at a price-to- earnings ratio of 10 even though "revenue is starting to come back [and] margins are improving." So what's there to worry about? <G> Thank for posting that Wigglesworth.