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To: Vendit™ who wrote (6039)3/2/1999 5:53:00 PM
From: RocketMan  Respond to of 41369
 
This is a big deal. There have been many big deal announcements lately, but the average investor does not realize their significance.



To: Vendit™ who wrote (6039)3/2/1999 8:53:00 PM
From: Vendit™  Read Replies (2) | Respond to of 41369
 
Tuesday, March 02, 1999


3Com sees shortfall in 3Q
By Larry Dignan
March 2, 1999 5:00pm
ZDII

3Com Corp. (Nasdaq: COMS) said Tuesday that its third quarter earnings and revenue would fall short of Wall Street's expectations.

In what could be another blow to tech stocks on Wednesday, 3Com said it would report earnings of 23 cents a share on sales of about $1.4 billion. First Call's survey of 27 analysts predicted a profit of 36 cents.

3Com said its third quarter shortfall could be attributed to "an unexpected slowdown in the U.S. and Latin American enterprise markets, a weakness in the traditional two-tier distribution channel, and lower than expected PC OEM sales."

The company said those factors limited its product shipments into the channel.

"While we are clearly disappointed with these preliminary results, they reflect a significant improvement over sales of $1.25 billion and pro forma net income of 2 cents per share reported in the same quarter a year ago," said Eric Benhamou, CEO of 3Com in a statement.




To: Vendit™ who wrote (6039)3/3/1999 2:51:00 PM
From: PJ Strifas  Respond to of 41369
 
<<that are helping his company become a major media player>>

AOL has more to bank on that just subscriber growth in the near future and this Digital City news shows it. AOL's future is more in tune with the convergence of the web, TV and other media content.

Can we all say AOL TV?

It's not that far off I should think with the upcoming Netscape deal and Sun's participation. Heck, you can get your AOL email on your PalmPilot of you want, why not the TV?

Peter Strifas