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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (16408)	6/25/1998 12:02:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

Good to see your still here. 'Fraid you ducked out to grab 5,000,000 beers. The bigest plus for this quarter as far as I'm concerned, was "He (Paisley) also spoke of the progress 3Com had made in cutting back expenses, especially in sales and marketing, saying the company has a way to go to achieve its long-term goals. Total expenses fell to $511 million from $552 million in the final quarter of the last fiscal year". This is where we got our 17&cent from. Paisley/Benhamou both say that this next quarter sales "will be a challenge". This means that if things don't pick up, we can still make decent earnings by attacking the cost side of the equation. o~~~ O

To: David Lawrence who wrote (16408)	6/25/1998 10:21:00 AM
From: Moonray	Read Replies (3) \| Respond to of 22053

3Com sees Q4 as turning point Reuters - 06:51 a.m. Jun 25, 1998 Eastern NEW YORK (Reuters) - Computer network equipment maker 3Com Corp. reported that fiscal fourth-quarter earnings rose 52 percent, edging ahead of expectations, and executives declared the quarter a ''turning point'' after a difficult year. Benhamou said 3Com, which sells modems to both consumers and Internet service providers, has now begun to see the market for these products achieve critical mass and expects its growth to accelerate by the end of the calendar year. While Benhamou said it might take several quarters to hit its goal of 20 percent sales growth each quarter, he pointed to several new areas where sales are multiplying several times faster than those of the company as a whole. He highlighted the success of its Palm Pilot handheld computer -- one of the big retail product hits of the past decade -- sales of which should grow by 75 percent annually for at least the next two years. guide-p.infoseek.com Congrats to holders. Put on suntan oil and enjoy your day in the sun. You've earned it. o~~~ O