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

To: W.F.Rakecky who wrote (16460)	6/26/1998 11:33:00 AM
From: joe	Read Replies (1) \| Respond to of 22053

Any chance they'll try the Motorola routine and try to sell their Modem division?<gg> ...or would that just be too embarrasing? I'm starting to have a feeling that meeting next quarters revenues won't be as 'challenging' as Paisley said.

To: W.F.Rakecky who wrote (16460)	6/30/1998 10:57:00 PM
From: Moonray	Respond to of 22053

A whole new ballgame Even if we hate 3Com (COMS) for plastering its name all over San Francisco's beloved Candlestick Park, there's no denying that the Street quickly became a fair-weather fan of the networking company after it posted surprisingly solid earnings for its fiscal fourth quarter ending in May. 3Com beat analysts estimates by a penny, posting earnings per share (EPS) of 0.18, even as the Street was expecting that consensus estimates of 0.17 would be a stretch.Pleasantly surprised, analysts from Tucker Anthony, BT Alex. Brown, Everen Securities, and Credit Suisse First Boston all upgraded the stock. Everen, CS First Boston, and Alex. Brown each raised the previously stumbling company to a Buy, while Boston-based Tucker Anthony upgraded it from Market Perform to Market Outperform. "We raised our recommendation but lowered our earnings estimates at the same time, and the stock still went up 5 points -- go figure," said Bill Becklean, analyst with Tucker Anthony. "What really happened is that we all thought the quarter was going to be horrible, but it wasn't, so it looks like they're starting to do the right things." But Becklean also noted that 3Com is not out of the woods yet. 3Com's first quarter, which ends in August, is traditionally a slow one, and Becklean emphasized that European sales will be "particularly tough" during that time. "The other problem is that because the fiscal year ends in May, the sales guys have been trying to get all of their orders in before the end of the year so they can build up their bonuses, which could take away from the next quarter," said the analyst. Tucker Anthony is forecasting flat sequential earnings for Q1 1999, and has a price target of 37 on the stock. 3Com is currently trading at 30.44 after recently hitting 52-week lows of 22.94. cnnfn.com o~~~ O