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Technology Stocks : RACE -- Ignore unavailable to you. Want to Upgrade?

To: Carlos Fung who wrote (103)	2/6/1997 1:39:00 AM
From: Eric N	Respond to of 130

Hello, Carlos. CSCO (CISCO, am I correct ?) reported sour 96 results and was downgraded. I couldn't find that message from Mercury Mail in my e-mail messed boxes, but you can check it, I guess. Let me know if you can't and I, hopefully, will dig it out somehow. Moreover, the whole telecom. sector was downgraded and that, may be, affected RACE either in last few days. IMO, the real correction of the market has not started yet. It's just a hint, while everyone is waiting for Fed. Reserve meeting results on Friday. My opinion only, no lawsuits. I pulled out all big guys ( even KLA) from my small portfolio in Dec. Eric

To: Carlos Fung who wrote (103)	2/7/1997 12:48:00 AM
From: Eric N	Respond to of 130

In keeping with an already weakening networking market, CISCO SYSTEMS INC. (CSCO: 65-3/8, - 1-3/4) shares faltered early Wednesday after it reported late Tuesday fiscal second quarter earnings of $0.49, $0.01 below the First Call consensus estimate. Shares of computer networking stocks moved lower on fears of a softening market. Today, Deutsche Morgan Grenfell analyst Noel Lindsay cut his earnings and revenue estimates on 3COM CORP's (COMS: 58-3/8, - 3-5/8) current quarter and the 1997 fiscal year but reiterated his buy rating on the stock. The estimate cut appears to have impacted XYLAN CORP. (XYLN: 21-1/4, - 7-1/4), which is down sharply today after reporting earnings that met estimates on Monday. Industry watchers are keenly awaiting this afternoon's 2Q report from bellweather CISCO SYSTEMS (CSCO: 66, - 2-1/4) for further signs that the rapid growth this industry has seen for the last few years may be slowing. See Full 3Com Story at merc.com.