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


To: mr.mark who wrote (15306)4/27/1998 9:54:00 PM
From: jim bender  Read Replies (2) | Respond to of 45548
 
Computer Networking

Brief: Networkers held up well given the lousy market tone... Only stocks
to post declines of more than one point were Ascend (-1 9/16) and Cisco
Systems (-1 1/2)... Recent winners such as FORE and Xircom also
succumbed to light profit-taking.

3 Com represents a "safe haven" for investors should market
continue to slide, as stock close to low end of 5-month trading
range... Downside risk minimal as bad news reflected in price... To
the contrary, at first sign that business conditions are improving
stock likely to emerge from hibernation... In other words, now might
be a good time for investors holding ASND (up 64.8% year to date)
to roll into COMS... Upside breakout from trading range would
leave stock well position for intermediate term test of mid- to
upper-40