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

To: William Wang who wrote (19166)	7/15/1998 12:53:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

>>I have been a subscriber to TSC from the first day of its debut<< that's interesting. How did you hear about him back then. That was in fall 1996 I believe. I saw an ad in the IBD around spring of '97 and that made me curious. >>Greenberg's column is the source where I know 3Com's number cooking incident<< Yeah, I know about that. I cringe thinking that 3Com could possibly be thought of in the same way as Cendant. But I think the results are about the same...50% drops more or less.

To: William Wang who wrote (19166)	7/15/1998 2:08:00 AM
From: blankmind	Respond to of 45548

Ascend Tops Analysts' Estimates; Talk of an Acquisition Cools Down An INTERACTIVE JOURNAL News Roundup Ascend Communications Inc. reported net income that edged out analysts' estimates Tuesday for a quarter that saw furious competition continue in the networking-equipment market. For the second quarter ended June 30, the Alameda, Calif., company reported net income of $59.1 million, or 29 cents a diluted share, compared with a net loss of $48.8 million, or 26 cents a share. The results just topped the consensus estimate of analysts surveyed by First Call for net income of 28 cents a share. Revenue, meanwhile, climbed 5% to $327.4 million from $311.7 million in the year-ago period. In trading Tuesday on the Nasdaq Stock Market, Ascend's shares slid $3.875 to $49.5625. The results were released after the close of trading. Mory Ejabat, Ascend's president and chief executive, said he was pleased with the company's results, adding that Ascend "showed good growth" in its international markets. Mr. Ejabat noted that "today's large service providers are deploying networks that will support the integration of voice, video and data" instead of concentrating on data-networking products alone. Mr. Ejabat said for the rest of the year, Ascend expects strong growth in its North American markets, though he noted that the company remains "cautious" about the Asia-Pacific region in general and Japan in particular. The convergence of data- and voice-networking gear has helped Ascend's bottom line, but it also fueled tumultuous consolidation in the industry, which is dominated by the likes of Cisco Systems Inc., Lucent Technologies Inc. and Northern Telecom Ltd. That consolidation has left Ascend simultaneously regarded as an acquisition target and as a company looking to acquire others. On Tuesday, analysts backed away from earlier speculation that Ascend would acquire Advanced Fibre Communications Inc. That combination had been seen as a possibility in the wake of analysts' recent talk that small and midsize makers of telecommunications equipment would have a tough time remaining independent in the wake of Alcatel-Alsthom SA's plans to acquire DSC Communications Corp., and Tellabs Inc.'s deal to buy Ciena Corp. Talk connecting Ascend and Advanced Fibre cooled after options trading remained quiet. An Advanced Fibre spokeswoman said the company wasn't in talks with anyone; Ascend declined to comment. Joe Noel, a Hambrecht & Quist analyst who visited Advanced Fibre Friday, heard the takeover rumors but said he doesn't believe the company is about to be acquired. He reiterated his "buy" rating on the stock Monday. Advanced Fibre develops telecommunications equipment that boosts the capacity of telephone networks. Mr. Noel said Advanced Fibre ultimately belongs in another company's product portfolio, but he believes management would resist a bid at current stock levels. The company's shares climbed $1.3125 to $25.4375 on Nasdaq Tuesday. Mr. Noel said he believed Advanced Fibre's management resisted the opportunity to sell the company when the stock was trading in the $40s last month.