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

To: joe who wrote (17252)	6/11/1998 1:40:00 PM
From: Mang Cheng	Respond to of 45548

Asnd is still bullish on Asia : ************************************************************ June 11, 1998 "Network-Equipment Makers Say Demand Is Unhurt by Asian Crisis" An INTERACTIVE JOURNAL News Roundup Ascend Communications, Singapore's Datacraft Asia and other manufacturers of digital-network equipment say demand in Asia for their products has been relatively unscathed by the region's economic crisis. Telecommunications companies -- especially Chinese concerns -- continue to buy the equipment, as are companies that sell access to the Internet. These two factors are helping such networking-equipment manufacturers as Ascend Communications Inc. of the U.S. and Singapore's Datacraft Asia Ltd. Ascend expects sales in Asia -- excluding Japan -- to rise roughly 40% this year, buoyed by sales of its switches and modems, said Anthony Wise, general manager of Ascend's Asia-Pacific operations in Hong Kong. Ascend, based in Alameda, Calif., manufactures digital network-access products used in video conferencing, remote-access and integrated-access networks. Meanwhile, sales at Datacraft are still exceeding targets, said Sam Lin, the company's director of business development. The company is due to make its next earnings report in mid-July. In late May, the computer-network and telecommunications-equipment supplier said it expects net profit to grow 40% for the year to June 30, 1998, from $10.38 million posted in the last financial year. In spite of the firm's rosy outlook, several brokerages have downgraded their recommendations on Datacraft's stock over the past few weeks, worried that the region's economic troubles will hurt the company. The downgrades have caused the Datacraft's stock to tumble. In a report last week, market-research firm IDC Asia/Pacific Ltd. said sales of remote access servers, which allow users to dial into company networks and Internet services, rose 81% in 1997. Meanwhile, it said, the region's market for personal computers rose by less than 3% last year. The strongest growth in remote-access demand was in Taiwan, where large orders by the island's two biggest Internet services boosted sales of the devices by almost 200%, IDC said. Even strife-torn Indonesia's market posted 17% growth in sales. However, Ascend and other networking companies say China remains their most important source of new sales. Telephone network operators in that country invest in state-of-the-art networking equipment to extend their reach into rural areas still untouched by telephony. Ascend's Mr. Wise estimated that China and Taiwan will account for roughly 45% of the company's Asian sales outside of Japan this year, compared with just a third a year ago. Earlier this week, Datacraft announced it landed a $12 million contract from China's Fujian Post and Telecommunciations Authority -- the company's largest contract in China so far. Mr. Wise predicts that sales in South Korea and Southeast Asia will slip this year, but only slightly. Large telecommunications companies in the region are weathering the crisis well, he said, helped by the dollars they collect from the U.S. for completing calls from the U.S. to Asia. And even where economic hardship is forcing consolidation among Internet services, survivors are forced to invest in new networking equipment to make room for their rivals' customers, he said. Mang

To: joe who wrote (17252)	6/11/1998 1:46:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

After this move, COMS has increased it's selling price for potential telecom buyout. Good move! More: 3Com Enters CLEC Marketplace Newsbytes - June 11, 1998 12:14 ATLANTA, GEORGIA, U.S.A., 1998 JUN 11 (NB) -- Seeking to reinforce its position in the telecommunications carrier market, 3Com [NASDAQ:COMS] has taken the wraps off its first multiservice offerings for the competitive local exchange carrier (CLEC) marketplace. Message 4819938 (thanks to Moonray on 'Ghost' thread)