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


To: Mr. E2u who wrote (17890)6/22/1998 2:15:00 PM
From: William Wang  Read Replies (2) | Respond to of 45548
 
I don't have short position at COMS. The main reason I still keep posting on this board is to share what I thought on COMS. COMS will not come down to $18 only because my comments nor will go up to $30 after your fancy posts. Let's focus on why COMS drops 3/4 today
before the earning release instead of trashing each other.



To: Mr. E2u who wrote (17890)6/22/1998 2:23:00 PM
From: William Wang  Read Replies (1) | Respond to of 45548
 
USB Securities on COMS (Scott Heritage (212) 821-6828)

Summary
3Com will be reporting earnings this week. We expect that 3Com will
report below our estimate of $0.19. The Street consensus is $0.17
with a range from $0.24 to $0.08 reflecting the great amount
uncertainty surrounding the quarter.

Highlights

* For 3Com we are estimating little sales growth out of the channel
compared to the February quarter due to continued weakness in the
modem business and pricing declines in modems, 10/100 switching, and remote access.
* The biggest swing factor in the quarter for 3Com will likely be
gross margins which could be down sequentially.
* Operating expenses expected to be down on a dollar basis.

.....