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

To: Glenn D. Rudolph who wrote (12494)	12/19/1997 6:14:00 AM
From: craig crawford	Read Replies (2) \| Respond to of 45548

Glenn, I know I'm starting to sound like chicken little, but the Asian contagion is going to infect Europe as well. We are going to see bear markets there. The US will be the last to topple. As Jimmy Rogers says "The marginal players always go first". (i.e Thailand, Korea) BTW Jimmy Rogers also said that there was going to be a bear market in the UK because they have an inverted yield curve. If Japan and Europe topples the US won't be far behind. Since you guys are all sleeping I guess I'll go eat breakfast and read the paper...

To: Glenn D. Rudolph who wrote (12494)	12/19/1997 7:12:00 AM
From: Thomas Haegin	Respond to of 45548

... and exports form the U.S. for 10/97 were at a record. -eom

To: Glenn D. Rudolph who wrote (12494)	12/19/1997 10:17:00 PM
From: Maverick	Read Replies (1) \| Respond to of 45548

Late Thursday, 3COM CORP executives said the company expects to see short-term pressure on its gross margins as it moves to eliminate inflated inventory levels in its distribution channels. The executives, speaking to analysts in a teleconference call following release of its 2Q results, said Asia was unlikely to return to its historic above-average industry performance any time soon. But on the bright side, an expected imminent resolution of standards for 56-kilobits per second computer modems could help boost industry growth prospects for 1998, they said. Benhamou said another factor dampening fiscal second quarter results was the economic turmoil in Asia, adding that "it's unlikely that Asia will return to its above average industry growth rates any time soon." (Reuters 06:39 PM ET 12/18/97) For the full text story, see infobeat.com * Gruntal & Co said it lowered its fiscal 1998 earnings estimate on 3COM CORP to $0.88 per share from $1.23. The 1999 estimate was set at $1.69. The rating remained a hold. Gruntal assumes modest sequential gains in the systems business, but sees Cisco Systems Inc gaining market share, some of which will be at 3Com's expense. Until a modem standard is agreed upon, potential buyers are likely to stall new and upgrade purchases. (Reuters 01:07 PM ET 12/19/97) * BancAmerica Robertson Stephens analyst Paul Johnson raised estimates on 3COM CORP to reflect slightly higher margins in the reported 2Q. Johnson raised his 1998 and 1999 earnings per share estimates to $1.15 and $2.27 from $1.12 and $2.24, respectively. (Reuters 01:14 PM ET 12/19/97) SoundView Financial Group said analyst Michael Karfopoulos reduced his earnings estimates on 3COM CORP. It cut fiscal 1998 EPS to $0.75 from $1.10. It cut fiscal 1999 EPS to $1.50 from $1.86. It kept stock rated as short-term and long-term hold. (Reuters 12:18 PM ET 12/19/97)