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

To: jim bender who wrote (15588)	5/13/1998 9:54:00 PM
From: Maverick	Respond to of 45548

Trading of 3COM CORP's stock took an unusually heavy turn on Tuesday amid speculation there could be more bad news about upcoming results. Peter Lieu, an analyst with Adams Harkness & Hill in Boston, said the high volumes were a spillover from last week, when 3Com indicated it was having ongoing problems with its gross margins. The warning prompted several analysts to reduce earnings estimates, and left lingering questions over the extent of the company's problems. However, Lieu said he thinks the stock is a "tremendous value" at its current level around $30. But Andy Schopick of Nutmeg Securities, who maintains a sell recommendation on 3Com, said, "I don't think we're out of the woods yet." (Reuters 11:12 PM ET 05/12/98) For the full text story, see infobeat.com