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

To: joe who wrote (15571)	5/8/1998 1:16:00 AM
From: Mang Cheng	Read Replies (1) \| Respond to of 45548

I think this one just came in, again doesn't sound to bad to me : Thursday May 7, 10:38 pm Eastern Time RESEARCH ALERT - DLJ on 3Com margins NEW YORK, May 7 (Reuters) - Donaldson Lufkin and Jenrette met with 3Com Corp. chief financial officer and said he is now less confident gross margins will improve in the May quarter than when 3Com reported last quarter, according to market source on Thursday. -- ''The main reason he (CFO Chris Paisley) cited was the mix shift to OEM distribution, which carries lower gross margin,'' the source quoted DLJ as saying. ''He is hopeful that a gross margin will not deteriorate sequentially.'' -- CFO also believes operating expenses can be reduced more than originally thought, source quoted firm as saying. -- ''Paisley also also expects an improvement in inventory turns,'' the source said biz.yahoo.com Mang