To: RBB who wrote (9655 ) 11/21/1997 3:56:00 AM From: Dwight E. Karlsen Respond to
re Happy Investing. Rambabu, I appreciate the contrarian point of view when viewing bearish posts. Nevertheless, it's an uphill battle when the same concerns keep popping up from different sources on different days. This inventory thing has been traveling the financial news circuit for several weeks now, starting with suspicions voiced as "concerns" by analysts and financial newshounds: "The delay of a 56K standard may cause people to put off buying a modem until a standard is reached". That's how it started, way over a month ago. Then a couple weeks ago, Eric Benhamou hinted to analysts that "modem inventories are a little higher than we would like them to be". That's all it takes to implode a tech stock. Since then, this issue has been sliced and diced six ways, baked on high heat, and served up to investors with every possible topping to give each story a slightly different slant. It looks like the WSJ has done a nice little summary today:techstocks.com "Since Nov. 10, 20 out of 34 analysts have lowered their estimates for the second quarter, with "the more recent revisions deeper than the earlier ones," said Chuck Hill, director of research at First Call. Officials at 3Com declined to comment.
