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

To: David S. who wrote (12872)	1/2/1998 4:13:00 PM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

David, !!!! *** HAPPY NEW YEAR TO YOU TOO *** !!!! Friday, January 02, 1998 "Network stocks hope for a better 1998" Eric C. Fleming The $119 billion networking industry was the poorest performer among Inter@ctive Investor's 18 technology indexes this year, falling 4.9 percent for the year. Why? A switchover to a new switching technology and the direct impact from Asia, for starters. Industry heavyweights such as 3Com Corp. and Cabletron Systems Inc., had an especially rough year. However, Cisco Systems Inc. made some headway and took the lead in pushing the industry toward switched networks from the now antiquated shared media networks. The push, however, drained profits from many companies when the Asian economic crisis hit. 3Com and Cabletron struggled amid troubles in Asia, competition with one another and inventory problems. 3Com blamed the transition to switched networks and lagging Asian sales for its 91 percent fall in profit, to $0.05 a share, in the second quarter from $0.50 the year before. On the year, 3Com's stock fell to $34.44, a 53 percent drop, from $73.38 for the year, as of Dec. 29. zdii.com