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

To: Marcel who wrote (10885)	11/28/1997 4:08:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 45548

<< In light of the new earnings estimates (BTW the way the lowest estimate for this qtr is NationBank's at $0.09) are you expecting an earnings warning from the company? >> I really don't know. Either they will warn or whisper "lower your estimates" to enough analysts so they won't have to pre-announce. The only thing I'm confident about is this quarter is really going to stink and it is not just a one quarter phenomenon. It's interesting that First Albany has been chopping estimates as far out as '99 but released a bullish report today. Apparently he is in the camp that believes that this is only a short-term phenomenon or it is fully reflected in the price. Just remember folks. Goldman placed Ascend on it's recommended list and gave it a price target of $65-70 back in July when it was at $48 Ascend Communications (ASND) 48: issue indicated to open 3 points higher on news Goldman Sachs is placing the stock on its "recommended list." Sets 12-month price target of $65-$70 a share. Sees 3-yr annual average earnings growth of 35%. Expects company to be upbeat in earnings conference call tomorrow...