Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Moonray who wrote (26267)	12/21/1998 12:26:00 PM
From: Wigglesworth	Respond to of 45548

Tail Cisco Wags Dog 3Com! After so much assault and insult from this thread, dog stock 3Com finally wagged!! Networking Stocks Climb On DLJ Cisco Price Target Increase Dow Jones Newswires NEW YORK -- Data-networking stocks advanced in Monday's trading after Donaldson Lufkin & Jenrette analyst Stephen G. Koffler raised his 12-month share-price target on Cisco Systems Inc. (CSCO) to 120 from 80. In a research note, Koffler said the target increase assumes a multiple of 60 times the investment firm's calendar year 2000 earnings estimate of $2.00 a share. The analyst said Cisco deserves that price-to-earnings ratio because of its position as a leader in voice and data networks and its role in producing a fundamental building block of the Internet - the router. "As an Internet stock, Cisco is cheap," Koffler said in the note. "Without Cisco, there is no Internet, yet ... Cisco is valued far below the leading Internet companies." Koffler said Cisco also offers earnings reliability - something most Internet companies have yet to deliver. David Powers, an analyst at Edward Jones, said the DLJ news is at least partly behind the networking sector's upswing on Monday. However, anticipation of better-than-expected earnings from 3Com Inc. (COMS) for its second quarter also is driving optimism in the sector, he added. "The general sense in the market is that they're going to slightly exceed the estimate," he explained. A First Call Corp. consensus survey currently puts 3Com's earnings at 31 cents a share for the company's fiscal 1999 second quarter ended November. Cisco shares recently added 4 5/8, or 5.1%, to 95 1/16, while 3Com stock has climbed 2 1/4, or 5.0%, to 47. Elsewhere in the networking group, Ascend Communications Inc. (ASND) has risen 3 11/16, or 6.1%, to 63 3/4, Lucent Technologies Inc. (LU) is up 3 15/16, or 4.0%, to 102 5/16 and Newbridge Networks Corp. (NN) has gained 1 3/4, or 7.2% to 28 13/16.