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


To: joe who wrote (19238)7/16/1998 9:14:00 PM
From: William Wang  Read Replies (1) | Respond to of 45548
 
Upgrade from Credit Suisse First Boston
By Weinstein, Paul

COMS: Strong Buy
CSCO: Strong Buy
BAY: Not Rated
CS: Hold



To: joe who wrote (19238)7/16/1998 9:24:00 PM
From: William Wang  Respond to of 45548
 
More on upgrade,

Price Target (12 Months): $38-$42

After a year of merger integration and channel inventory problems 3Com is at an operational bottom, new products are accelerating and profitability is improving.

Price target of $38-$42 over 12 months assumes significant earnings recovery, driven by moderate gross margin improvement and significant expense controls.

Strong distribution and manufacturing capabilities fit well with 3Com's small / medium markets mitigated by market share dominance, new products and potential for rising margins.

5/99E $1.36
5/98A $0.68



To: joe who wrote (19238)7/16/1998 9:30:00 PM
From: William Wang  Read Replies (2) | Respond to of 45548
 
Today's block trading,

Volumes Trades Tic
Total: 7,483,700 5361 329,400
Block: 3,576,500 276 313,300
NonBlock: 3,907,200 5085 16,100

----------------------------------------
Institutions are still accumulating, their buying accounts
for most of the uptic today.