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


To: Scrapps who wrote (10024)12/3/1997 12:54:00 PM
From: Eric  Read Replies (1) | Respond to of 22053
 
Eric B will be on CNBC in a few minutes.



To: Scrapps who wrote (10024)12/3/1997 1:00:00 PM
From: Dwight E. Karlsen  Respond to of 22053
 
The COMS thing is affecting TI:

RESEARCH ALERT - Texas Instruments cut

CHICAGO, Dec 3 (Reuters) - Rodman & Renshaw Inc said it cut its rating on Texas Instruments Inc to neutral from buy, and reduced its earnings estimates to $2.00 a share from $2.08 for 1997 and to $2.40 from $3.00 for 1998.

-- ''Because 3Com/US Robotics is Texas Instruments's largest DSP (digital signal processor) customer, we are concerned about the recent slowdown in that company's modem sales,'' Rodman said in a report.

-- 3Com Corp (Nasdaq:COMS - news), a computer networking company, said Tuesday it will cut inventory and report second-quarter earnings below Wall Street expectations.

-- ''Modem sales may be slowing because of a lack of industry standards and competition from new technologies (possibly much faster cable modems),'' Rodman said.

''Regardless, this slowdown will most likely result in a slowing of orders and shipments for DSP products, which account for approximately 20 percent of (Texas Instruments's) sales in the fourth quarter. ''



To: Scrapps who wrote (10024)12/3/1997 7:32:00 PM
From: Doug Fowler  Read Replies (2) | Respond to of 22053
 
Scrapps:

Obviously, the market viewed your interpretation of the news as better than mine.

I think COMS will go down, but 25 does look a bit low at this point.

If I had owned 3COM, I would have sold with a BIG sigh of relief today.

Doug