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

To: Bajan who wrote (16416)	6/25/1998 11:06:00 AM
From: Moonray	Respond to of 22053

Bajan, thanx for the kind words. Good to know I wasn't posting to just myself.<g> Since you have been on SI for less than a week and have found the COMS threads, WELCOME TO THE SWEET SPOT! We appreciate your sharing of the news. 3com gets four upgrades today: o~~~ O

To: Bajan who wrote (16416)	6/25/1998 11:30:00 AM
From: Moonray	Read Replies (1) \| Respond to of 22053

S&P Upgrades 3Com Corp. to Accumulate from Hold Thursday June 25, 1998 (09:30 am EST) 3Com Corp (COMS) posted fourth quarter earnings per share of $0.17 versus $0.12 per share one year earlier as lower operating expenses offset flat sales. Standard & Poor's upgraded its opinion on the shares to accumulate from hold. Results for the current quarter include a charge for purchased in-process technology. The company also set a buyback of up to 10 million shares. S&P analyst Aydin Tuncer said the earnings per share were in line with Wall Street's mean estimate. He said revenues matched his estimate, flat year-to-year, but rose 10% from the previous quarter. Systems product sales rose 8%, with client access products (NICs and modems) down 6%, he noted. Tuncer feels channel inventory is now under control, improving the company's revenue visibility. He pointed out that gross margins improved 100 basis points sequentially and operating costs fell. Given the stabilization of its business and opportunities in cable modems and remote access, he believes the shares are attractively valued at 16 times his $1.74 calendar 1999 earnings per share estimate. 25-Jun-1998 09:30:16 (01275261) Copyright 1998 Standard & Poor's Investment Advisory Services, Inc. The information contained in this report may not be published, broadcast, rewritten or otherwise distributed without prior written consent from Standard & Poor's. For permission call 1-212-770-4639. o~~~ O