3Com Misses the Rally as Shares Fall Sharply After Warning
Investors in
3Com
(COMS)
haven't been able to join the festivities of today's market rally, as the company's shares were recently trading down $3.56, or 26.6%, to $9.81 in
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activity.
Monday, the company lowered its
second-quarter estimates , saying that revenue for the period would be about $785 million to $800 million, while the expected pro forma loss of 19 cents to 23 cents a share would be wider than the previously targeted loss of 7 cents to 9 cents a share.
