SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Steve G. who wrote (11163)12/2/1997 5:57:00 PM
From: DRRISK  Respond to of 45548
 
Steven,

3Com sees stock price tumble after the bell

December 2, 1997 05:21 PM

NEW YORK, Dec 2 (Reuters) - 3Com Corp COMS saw its stock price drop nearly five points in after-hours trade Tuesday after the computer networking company warned it will cut inventory and report second quarter earnings below Wall Street expectations.

Traders said 3Com stock traded at 30-5/8 once it was released from a Nasdaq halt. The stock closed at 35-5/16, traders said.

3Com's warning sent ripples through the computer networking industry, with Cisco Systems Inc CSCO dropping to 85 after closing at 86-1/2.

REUTERS

--------------------------------------------------------------------------------

Following are Reuters Alerts related to this article

--------------------------------------------------------------------------------

ALERT
3COM TRADES AT 30-5/8 AFTER-HOURS, FROM 35-5/16 CLOSE - TRADERS
REUTERS

DrRisk



To: Steve G. who wrote (11163)12/2/1997 5:59:00 PM
From: RLM  Respond to of 45548
 
Well, it isn't just inventory stuffing. COMS came out and said they will miss numbers badly also.



To: Steve G. who wrote (11163)12/2/1997 6:44:00 PM
From: purecntry5  Read Replies (1) | Respond to of 45548
 
So its alright for a company to have a market cap of 12 billion+ and report earnings .01-.04/share ("slightly" profitable IMO)??? Even if they COULD turn it around, how long does it take to get back to earning the .45/share they SHOULD have been at to justify the stock price? BWDIK

Cowboy Brett



To: Steve G. who wrote (11163)12/2/1997 7:28:00 PM
From: Tom Barnum  Respond to of 45548
 
3COM must have something planned long term. I think they're breaking ground on some new buildings, adding to their campus.
Right next to one of the rivers that drains the valley.
Looks to me to be about 20 feet BELOW flood stage.

I say that they make the bottom two floors their warehouse for excess inventory and let El Nino take care of the problem.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News