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

To: mp who wrote (28916)	3/10/1999 7:31:00 PM
From: blankmind	Read Replies (1) \| Respond to of 45548

Dow Jones Newswires -- March 10, 1999 First Call Hill Urges Investors To Look Hard At Techs, Oil NEW YORK (Dow Jones)--On the threshold of preannouncement season, investors should take a hard look at the technology sector, said First Call Corp. research director Chuck Hill. Following 3Com Corp.'s (COMS) third-quarter profit warning last week and rumblings about preannouncements from Intel Corp. (INTC) and Compaq Computer Corp. (CPQ), "we really have to keep an eye to see if it mushrooms in the technology area or not," Hill said during a CNBC interview Tuesday. Hill suggests investors also monitor the oil sector as analysts revise their earnings estimates ahead of the the Organization of Petroleum Exporting Countries meeting, scheduled for March 23 in Vienna. Because of a long-term downturn in oil prices, largely due to overcapacity, many oil companies had cut back on exploration, leading to a sell-off in oil-service stocks. Those companies, as well as the major oil companies, have recently benefited from the prospects of stabilizing or even higher oil prices. - Amy Hughes; 201-938-5171