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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (16705)	6/22/1998 9:56:00 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69211

Clint, I haven't heard the CS conference call, but it look like there was not much to be happy about. It could get ugly tommorrow for the networking stocks. CS missed the estimate by 30 percent and revenues were flat. They just cut prices too so that should put pressure on BAY, COMS and CSCO as it looks like the beginning of a price war. On top of that they announced a acquisition. Harry ************************************ briefing.com 3Com Corp. (COMS) 25 7/8 -13/16: earnings release date has now been set for Wednesday after the close; please see Story Stocks for more... Cabletron Systems (CS) 14 5/16 +3/8 --Update-- networking products concern reports Q1 net of $0.04 a share, 2 cents below the First Call mean estimate and down sharply from yr-ago earnings of $0.37.... NetVantage (NETVA) 5 1/2: To be acquired by Cabletron Systems (CS 14 5/16) for 0.6154 CS shares for each NETVA, worth $8.81 at Monday's closing prices.. Ascend Communications (ASND) 48 5/16 -1 5/8: NB Montgomery Securities downgrades from "buy" to "hold".....