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

To: puborectalis who wrote (30108)	4/26/1999 1:01:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 45548

The fervor over COMS is REAL:3Com is trying to improve itself and Wall Street's opinion of the company, said Craig Johnson, principal at The PITA Group, in Portland, Ore. "A week ago 3Com finally took action to cordon off their [network interface card]and modem business," Johnson said. "They seem to be taking action to distance themselves from their low-margin business." 3Com's stock fell in February following the company's preannouncement that its third quarter earnings would be lower than expected. "The rumors are very credible," said Jim Slaby, an analyst at Giga Information Group, in Cambridge, Mass. "I think now is the right time to do it." Overall, 3Com is a strong networking company, analysts said. The problem is it has disparate products aimed at disparate markets, Slaby said, pointing to the market differences between the Palm Computing handhelds, switches, remote-access servers, and client-access products. (c) 1999 CMP Media Inc.