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: KM who wrote (26442)	12/23/1998 9:23:00 AM
From: Moonray	Respond to of 45548

Wall Street Stocks Seen Opening Mixed To Higher Reuters - 08:41 a.m. Dec 23, 1998 Eastern NEW YORK (Reuters) - Wall Street stocks are expected to open mixed to higher Wednesday even as markets slow heading into the Christmas holiday. Analysts said profit warnings from U.S. corporations could be offset by unexpectedly good earnings announced by 3Com Corp. after the close of trading Tuesday. U.S. economic data is unlikely to move markets. Larry Wachtel, an analyst at Prudential Securities, said the focus could be on individual stocks after the Dow Jones industrial average closed up 55.61 points at 9,044.46 Tuesday. In the broader market, declining issues led advances 1,732 to 1,251 on active volume of 678 million shares on the New York Stock Exchange. The technology-laced Nasdaq composite index fell 17.05 points, or 0.80 percent, to 2,120.98, a day after closing at a new high. ''The techs have risen pretty dramatically and were up for some profit-taking,'' said Barry Hyman, market strategist for Ehrenkrantz, King Nussbam Inc. ''I think people were seeking a little bit of safety in the Dow stocks.'' Copyright 1998 Reuters Limited. All rights reserved. Republication and redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Let the raising of COMS price objectives by analysts begin! o~~~ O