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


To: Patherzen who wrote (27520)2/3/1999 6:54:00 PM
From: vinod Khurana  Read Replies (1) | Respond to of 45548
 
QUICK CUTS: Internet networking giant Cisco Systems (Nasdaq:CSCO - news) , which reported fiscal second quarter earnings of $0.36 a share (before charges) compared with last year's $0.29 and a penny ahead First Call's mean estimate after the bell yesterday, slipped $1 1/4 to $111 1/8. Market buzz had investors reacting to disappointment that a hoped-for stock split wasn't in the making. Second banana 3Com Corp. (Nasdaq:COMS - news) , meanwhile, peeled off $6 3/4 to $37 3/8 as investors worried that their company was losing market share to Cisco. For more on the Cisco earnings news, dial up today's Breakfast With the Fool... Chip maker Advanced Micro Devices (NYSE:AMD - news) lost $3 3/8 to $20 15/16 after Richard Forte resigned as president and CEO of its Vantis subsidiary. The company also reportedly worried investors by canceling two appearances at investor conferences.



To: Patherzen who wrote (27520)2/3/1999 7:10:00 PM
From: Copeland  Read Replies (3) | Respond to of 45548
 
I shorted this company, but to fall 15% on no news makes me shed a tear for the longs. I'm pretty sure you'll get a rebound tomorrow.




To: Patherzen who wrote (27520)2/3/1999 9:15:00 PM
From: Al Cano  Read Replies (1) | Respond to of 45548
 
COMS CEO should be on CNBC tomorrow explaining what the heck went wrong.

My opinion: If not, then you know the CEO does'nt care for it's shareholders, it's outstanding employees, and the company--- because he has made his millions already.