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

To: Eric who wrote (12767)	12/29/1997 6:10:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

Some positive comments about the market from wsj, excerpt : Dow Jones Newswires -- December 29, 1997 " Tech Sector Up On Bargain Hunting, Relief On Asian Mkt Woes " By Maria V. Georgianis NEW YORK (Dow Jones)--After a month of price discounting, technology stocks are bouncing up Monday as investors search for post-Christmas day bargains, market analysts said. In addition, investors are breathing a sigh of relief that South Korea is not teetering on the verge of bankruptcy, said Michael Metz, director of research at CIBC Oppenheimer Corp. South Korea's parliament Monday passed a financial-reform package and major U.S. lenders are ironing out details concerning the easing of terms of the country's bank loans. After a month of battering in the tech sector, the market has factored in fairly negative earnings expectations and "there's not much more on the downside to go," said Bruce Lupatkin, director of research at Hambrecht & Quist Inc. Finally, the downward pressure generated by end-of-year tax-relief selling is pretty much over and leading to a bounce on light volume, Metz said.