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

To: Andrei Rogosin who wrote (10327)	12/8/1997 1:11:00 PM
From: Moonray	Read Replies (1) \| Respond to of 22053

Modem makers' shares move as speed standard is set By Binti T. Harvey, CBS MarketWatch Mon Dec 08 11:19:07 1997 Makers of new, speedier modems saw their shares advance Monday amid reports the International Telecommunications Union is close to developing a global-industry standard for 56-kilobit modem technology. The technology allows transmission of data over phone lines at 56 kilobits a second, compared to older speeds of 33.6 kilobits. The introduction of a standard for the technology will make purchasing 56K modems less risky, as users will not have to upgrade or change their equipment. 3Com Corp., which makes the x2 modem based on U.S. Robotics' technology, rose 1 3/8 to 37 7/8. Rockwell Semiconductor Inc., which makes the K56 Flex modem, rose 1/8 to 50 1/2. The IMF is expected to approve a standard, by Feb. 6. Shares of Bay Networks Inc. jumped after an upgrade from First Albany. The brokerage upgraded shares of the computer-networking equipment maker to "buy" from "neutral." Analyst Matt Barzowskas said he is confident Bay will record solid earnings and year-over-year comparisons. Barzowskas also believes the company will take advantage of the rebound in the industry in 1998, noting the company's numerous new accounts. Bay rose 3/4 to 29 5/8 on the report. Shares of semiconductor equipment makers rose despite a reduction in estimates by Soundview Financial Group. The investment firm cut its 1998 earnings estimate on Novellus Systems Inc. to $2.83 from $3.13. Soundview also lowered its 1998 estimate on Applied Materials Inc. to $1.99 from $2.15. Novellus shares rose 1 1/8 to 39, while Applied Materials added 5/8 to 35 5/8. Intel Corp. shares rose after agreeing to buy a 4.9 percent stake in Internet and interactive media technology developer CMG Information Services Inc. The companies will collaborate on advertising and Web sites with CMG's affiliate companies. Intel recently said it will work with television broadcasters on digital-TV technology, breaking ranks with former PC partners Microsoft Corp. and Compaq Computer Corp. Intel shares rose 1 1/4 to 78 1/2 o~~~ O