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

To: Jimbo Cobb who wrote (9949)	12/2/1997 5:02:00 PM
From: Moonray	Respond to of 22053

AFTER THE BELL - Cisco falls, 3Com halted NEW YORK, Dec 2 (Reuters) - Cisco Systems Inc (CSCO.O) dropped a point in after-hours trade Tuesday after 3Com Corp (COMS.O)sent a cold snap through the computer networking industry with the news that it would cut inventory levels. 3Com, which also said it would see a slight profit in the second quarter, was halted for trade. "Cisco is trading low," a dealer said, specifying that the company's stock had fallen to 85-1/2, off an unofficial close of 86-1/2. o~~~ O

To: Jimbo Cobb who wrote (9949)	12/2/1997 5:03:00 PM
From: Eric	Respond to of 22053

Mark Quite possible but it should be a sharp, short move. Now we know the extent of the damage. A lot of it was slowly leaked and this should clear the air. The real story will be the CC. There will be a lot of good questions put to management by the analysts. Eric

To: Jimbo Cobb who wrote (9949)	12/2/1997 5:14:00 PM
From: david decamp	Respond to of 22053

Hey Mark, who knows???? I knew the warning was coming, bailed on Friday at 36 after riding it down from 38 3/4, and doubling at 30 1/4. Must say I felt like an idiot yesterday, when the stock was over 39, but I was so confident they would correct the channel problem any day, I was happy to watch it run up. Almost shorted, which would have been a first for me, but I didn't have the cajones to do it. Sure enough, a disastrous preannouncement. That guy Craig Crawford (bear on the COMS thread), who shorted more at over 38 is going to make a killing come tomorrow. I've been bullish on COMS for quite a while, and traded it regularly for small/intermediate gains, but this last ride down and up (and now down again) has been harrowing. CS lost 33% today, from an already depressed price. Just on COMS closing today, a 33% loss for them (and I think their news is worse than CS's by the way), would put the stock at around 23-24. It could be a good buy at those levels, but after Newbridge, CS, and COMS, how many people are going to give up even thinking about the networking sector for the next 3-6 months? Don't honestly know the answer. If it hits the teens, though, I couldn't possibly resist putting some away as a long term hold. Dave