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

To: Moonray who wrote (27257)	1/26/1999 1:44:00 PM
From: Mike Denman	Respond to of 45548

From Briefing.Com-Networking has moved from 4 to 2. I haven't seen this posted yet. 9) COMP - NETWORKING....2.........1/13..........(+) Comment: Conditions have improved significantly since our last Brief on 10/7, despite today's tremor from Brazil. As such we no longer have the short-term earnings concerns which prompted us to lower the group's near-term rating from 2 to 4. To the contrary, earnings growth continues to run ahead of consensus estimates based on the infrastructure upgrades needed in order for communications companies to keep pace with the explosive growth of the Internet and intranets. We also continue to see solid growth in the telecommuter and small office/home office (SOHO) markets, which is helping drive demand for lower end hubs, routers, NICs and modems. While solid top and bottom line growth remain the primary factors supporting prices, group also being underpinned by consolidation trend. Just this morning, Lucent acquired Ascend Communications for $20 bln. Deal will force secondary players to join forces or face prospects of being left behind, as customers prefer one-stop shopping and services offered by industry leaders LU/ASND, Cisco and Nortel Networks. Another factor which bodes well for continued outperformance is fact that despite recent run-up group trades at relatively attractive valuations given strong long-term growth prospects. Stocks:Ascend Communications (ASND), Cabletron Systems (CS), Cisco Systems (CSCO), Computer Network Technology (CMNT), FORE Systems (FORE), MRV Communications (MRVC), Newbridge Networks (NN), Shiva Corp. (SHVA), ThreeCom Corp (COMS), Vanstar Corp. (VST), Xircom (XIRC), Xylan (XYLN).