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To: Sarmad Y. Hermiz who wrote (43468)3/2/1999 3:23:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Ty, I am pretty familiar with Asnd/Coms/Csco....so I feel comfortable too. Well, poor Coms....once again...



To: Sarmad Y. Hermiz who wrote (43468)3/2/1999 4:48:00 PM
From: Si_Detective  Read Replies (2) | Respond to of 164684
 
3Com Q3 EPS estimate cut by Merrill Lynch

NEW YORK, March 2 (Reuters) - Merrill Lynch computer networking analyst Joseph Bellace, Tuesday cut his fiscal third quarter
and full year earnings estimate on computer networking company 3Com Corp. (Nasdaq:COMS - news), the brokerage confirmed.

While Merrill Lynch could not confirm the actual size of the reductions, a research note obtained by Reuters showed Bellace
reduced his EPS estimate for the third quarter, which ended Feb. 28, to a range between $0.28 and $0.32 from his previous estimate of $0.36.

The current First Call third quarter consensus estimate is for the company to earn $0.36 a share.

3Com's stock was down $3.94 at $26.75 in late Nasdaq trading.

According to the research note, Bellace, who maintains an accumulate rating on the stock, also reduced the fiscal year 1999 earnings estimates to a range between $1.30 and
$1.40 from $1.35 and $1.40. The fiscal 1999 First Call estimate is $1.38.

The note also said Bellace cut revenue estimates for the third quarter to $1.48 billion from $1.54 billion.

''Historically, February is the weakest quarter for 3Com,'' the note said.