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

To: Beachbumm who wrote (12136)	12/11/1997 7:27:00 PM
From: Thomas Haegin	Read Replies (1) \| Respond to of 45548

Great! Another show of extreme brilliance on my part! << ... CSO & MSFT the last stocks that managers would still hold in technology. >> Yes. I agree in principle. However, if they rush to the exit it's usually getting ugly. Look what happened to OXHP (another once darling, although CSCO is no OXHP) or ORCL. In shorting I'd try to do it sometimes rather close to a future EPS release. So if there once will be reasonable chances that CSCO misses the oh-so-brilliant-analysts estimates, it will go down hard. << Freiburg >> Do you mean the Freiburg im Breisgau, near the Schwarzwald, rather close to Switzerland/Basle? Yes I've been there but only for I-don't-remeber-what like 100 years ago. I think it's a quite important university town. The area (Schwarzwald) IS indeed very beautyful. Big forrests make great hiking. If you dare to come to Switzerland without dropping an e-mail beforehand, I'll feel offended. :) Thomas

To: Beachbumm who wrote (12136)	12/11/1997 9:37:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

One upgrade, these guys seem to be quite good, last time (couple weeks ago) they downgraded coms and coms went to $28 ! - ON second reading, the date doesn't look right though I received it today. It could be an old news. infobeat.com ************************************************************** 08:27 AM ET 12/03/97 RESEARCH ALERT - 3Com upgraded NEW YORK, Dec 3 (Reuters) - BancAmerica Robertson Stephens said on Wednesday it raised its rating on shares of 3Com Corp to buy from hold but lowered its fiscal 1998 and 1999 earnings estimates on the stock. -- Analyst Paul Johnson said he lowered his fiscal 1998 estimate to $1.12 per share from $2.02 per share and his fiscal 1999 estimate to $2.24 per share from $2.66 a share. -- But he raised his rating because he believes worst is now over for the networking company. -- "We were waiting for this news," he said. "They were clearly struggling with inventory in the channel. Now that they've taken proactive steps regarding inventory, we believe the worst is behind them." -- 3Com said late on Tuesday its second quarter financial results would be far less than what Wall Street expected as it moves to slash inventories of unsold networking products sitting with its distributors. -- Company also said weakening Asian economies and weak modem sales could hamper results for several more quarters. -- Stock closed at 35-5/16. ((New York Newsdesk 212-859-1610))