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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (3251)3/24/1998 2:51:00 PM
From: Sowbug  Read Replies (1) | Respond to of 8358
 
DJ 11:21 [BAY,COMS,CS,CSCO,DEC] =ANALYST SAYS DEC NETWORK BUSINESS LIFTING CABLETRON REVENUE



To: Johnny Canuck who wrote (3251)3/24/1998 7:07:00 PM
From: Checkmate!  Read Replies (1) | Respond to of 8358
 
Harry, overall I thought the CS call went ok. Thanks for the info.

Elsewhere...A little over a week ago, 3Com was expected to earn $0.35 a share for the quarter.

Since then, 3Com has reportedly been guiding estimates sharply lower in talks with analysts reducing the consensus estimate calls for only $0.14 a share earnings, and the Street in turn bids the issue up in anticipation of "meeting" the new consensus.

After the close today: 3Com Corp (COMS) 37 3/16 +2 1/16: reports 3rd qtr net of ONLY $0.02 a share (excluding charges), well below the recently lowered First Call mean of $0.14 a share. And CNBC reports at 6:20pm that COMS is trading up over $2 a share on Instinet.

Bravo, Mr. Benhamou, Bravo.

regards/comments

cm!