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


To: joe who wrote (22782)10/14/1998 6:38:00 PM
From: FUZFO  Read Replies (1) | Respond to of 45548
 
here's part reason for the networkers up day, from CBSmarketwatch:
Network companies

In a report released to clients Wednesday, Merrill Lynch analyst Joseph Bellace said MCI Worldcom (WCOM) plans to increase capital spending by $1 billion to $6.6 billion in 1998. Bellace said he expects networkers Alcatel (ALA) Nortel (NT), Ascend (ASND) and Cisco (CSCO) to benefit. Shares of 3Com (COMS) rose 1 1/2 to 29 1/2. Bellwether Cisco (CSCO) was up 1 7/16 to 52 1/8. Northern Telecom (NT) rose 1 1/2 to 31 3/8. Tellabs (TLAB) rose 1/8 to 39 5/16.
Fuz