To: Mang Cheng who wrote (12714 ) 12/29/1997 12:00:00 PM From: john dodson Read Replies (1) | Respond to of 45548
Why COMS is up 1+ today (12/29/97): 3Com, Netscape among January picks - Barron's NEW YORK, Dec 28 (Reuters) - 3Com Corp (COMS.O), Netscape Communications Corp (NSCP.O) and First Data (FDC.N) figured among a list of companies dubbed potential winter winners in the current issue of Barron's financial weekly. The list was composed by Jeff Warantz, a senior analyst at Salomon Smith Barney, and identifies "beaten-down equities that appear to be fundamentally attractive," the article said. The prices of underperforming equities sometimes dip further towards the end of the calendar year as investors turn to tax-loss selling to offset capital gains, the article said. Such stocks then create potential bargains for January investment. Warantz's list consists of stocks whose shares are more than 20 percent below their two-year average price and are rated buy or outperform by Salomon Smith Barney. Besides predominant technology stocks, restaurateur Planet Hollywood International Inc (PHL.N), eyeware retailer Sunglass Hut International Inc (RAYS.O) and online grocery and delivery company Peapod Inc (PPOD.O) were also named. REUTERS Copyright 1997, Reuters News Service. All rights reserved. Replication or redistribution of Reuter's content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. c Copyright 1997, The Nasdaq Stock Market, Inc. All Rights Reserved. Please read our Disclaimer.nasdaq.com We should know in short order if COMS benefits from a January bounce. -John Dodson