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

To: matt fahy who wrote (21784)	9/21/1998 9:21:00 PM
From: FUZFO	Read Replies (1) \| Respond to of 45548

Ascend, 3Com rise on initiations marketwatch.com Ascend Technologies rose 2 15/16 to 49 1/2 after SG Cowen Securities Corp. rated the company a "strong buy." Analysts Chris Stix and Vijay Rajamaniÿ said the networking company (ASND) was likely to meet or slightly exceed earnings expectations of 31 cents a share for the third quarter. Strong ATM switch sales especially in North America were positive for the company and while Japanese sales may be down, China and the Asia/Pacific regions are holding their own, the analysts said.ÿ 3Com Corp. shares also rose after bullish comments by the analysts. The largest company in LAN- and WAN-based networking (COMS) was rated a "buy" by Stix and Rajamani. Stix and Rajamani expect the company to meet or slightly beat expectations for the first quarter of 21 cents a share on about $1.4 billion in revenue. Cost reduction activities and an improvement in modem sales were cited for the optimism. 3Com climbed 1 5/8 to 32 1/16.ÿÿ