Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mang Cheng who wrote (18091)	6/24/1998 4:49:00 PM
From: Jeff Mills	Respond to of 45548

DJ 16:39 [COMS] 3COM CORP. EARNINGS -4: 4Q CLIENT ACCESS PDT SALES $704.2M DJ 16:37 [COMS] 3COM CORP. EARNINGS -3: YEAR FINANCIAL TABLE DB 16:33 [COMS] 3COM TRADES HIGHER AFTERHOURS; GAINS 1 3/8 TO 28 1/2 FROM 27 1/8 CLOSE. DB 16:21 [COMS] 3COM Q4 ON $8.4 MLN CHARGE, $4.9 MLN CREDIT. DJ 16:21 [COMS] 3COM CORP. 4Q SYSTEMS PRODUCTS SALES $671.3M, UP 22% DB 16:20 [COMS] 3COM Q4 SALES $1.38 BLN VS $1.37 BLN. DJ 16:20 [COMS] 3COM CORP. LATEST 4Q ON $8.4M CHARGE, $4.9M CREDIT DB 16:20 [COMS] 3COM Q4 NET $63.6 MLN ON CHARGE VS $41.8 MLN. DJ 16:20 [COMS] 3COM CORP. 4Q SALES $1.38B VS $1.37B DJ 16:19 [COMS] 3COM CORP. 4Q NET $63.6M ON CHARGE VS $41.8M DJ 16:19 [COMS] 3COM CORP. 4Q NET 18C/BASIC SHARE ON CHARGE VS 13C DB 16:19 [COMS] 3COM Q4 17 CENTS VS 12 CENTS. DJ 16:19 [COMS] 3COM CORP. 4Q NET 17C/DILUTED SHARE ON CHARGE VS 12C DJ 15:10 [AOL,ASND,COMS,ELNK,FON,WCOM] =WALL STREET MORE FOCUSED ON GUIDANCE FROM 3COM THAN ON 4Q DB 12:34 [COMS] 3COM STOCK RISES 1/2 TO 26 1/2 AHEAD OF EARNINGS RELEASE, DUE AFTER MARKET'S CLOSE. DB 12:33 [COMS] 3COM TO REPORT EARNINGS AFTER MARKET'S CLOSE; ANALYSTS SEE 18CENT EPS.

To: Mang Cheng who wrote (18091)	6/24/1998 5:01:00 PM
From: joe	Read Replies (3) \| Respond to of 45548

Highlights from the earnings report: (disclaimer: I am long 3Com so I will only highlight parts that make them look good<g>...a little spin control) 1) For the quarter, sales of $1.375 billion increased 10 percent sequentially from the previous quarter. 2) For the quarter, sales of systems products including switches, hubs, remote access concentrators, routers and network management software totaled $671.3 million, an increase of 22 percent sequentially and eight percent from the same quarter a year ago. 3) "We have turned the corner and have begun to realize operating efficiencies and improved financial results," said Eric Benhamou, 3Com chairman and CEO. 4) During the year, 3Com made a series of significant news announcements regarding products and technology, services, alliances, customer wins and product awards.